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
