Potential Opportunity as Swing Trade in NSE:ORCHPHARMA and also predicting positive for long term investment.
Technical Analysis Based on Support Line & Fibonacci Retracement
SWING TRADE - RISK TO REWARD - 1:3
ENTRY - 366.50
TARGET - 400.50
STOP LOSS - 356.50
This is for Educational Purpose only, please apply your prudence & consult your adviser before any...
A closing above 114 level will mark a new rally for the stock.
Stock has already run up in recent times, a consolidation can not be ruled out. I would like the stock to move past 114 and then do a retest of the Breakout.
Today was a low volume day and a consolidation in narrow range was seen.
