Would ORCHID PHARMA open like Rohit Sharma?Inverted Head and Shoulder is my favorite pattern.
Retest has happened.
Now its time for its breakout.
Orchid
Orchid Pharma Analysis Strong BO on weekly chart maintaining supportive trendline and volume build up also seen, follow chart for proper entry and exit levels.
Orchid Pharma: Breakout ReadyA nice rising trendline support.
Also broken a rising wedge (ascending triangle) pattern.
Buy above 414.
SL: 396
T: 425/435
SWING TRADE - ORCHID PHARMA - R:R @ 1:3Potential 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 investing.
#nse #swingtrade #nifty #orchidpharma #orchpharma #riskrewardratio #longtrade
Royal Orchid HotelA 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.
