WATCHOUT FOR RANGE BREAKOUT
royal orchid hotel has been trading in range since the month of sep 2021 between the price range of 79 to 108.
Increasing in volume indication some movement can take place in the stock
rounding bottom can also be seen in the stock..
also good consolidation in weekly chart aswell .
one can enter the stock if a 4 hr candle closes above 108 with a SL of 104.55 for a shorterm target of 114 and above of 127.
************** PLEASE FOLLOW RISK MANAGEMENT*******************
Increasing in volume indication some movement can take place in the stock
rounding bottom can also be seen in the stock..
also good consolidation in weekly chart aswell .
one can enter the stock if a 4 hr candle closes above 108 with a SL of 104.55 for a shorterm target of 114 and above of 127.
************** PLEASE FOLLOW RISK MANAGEMENT*******************
Trade closed: target reached
MADE A HIGH OF 121
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.