ORIENT BELL#ORIENTBELL Watchlist alert
Orient Bell looking good for Upside movement,,,
For safer side Can enter above 355
SL and Targets are mentioned in attachment ...
Keep it in watchlist and can enter above safe entry level.
Orient
Bullish Breakout Potential: Orient Electric Breaking Resistance Details:
Asset: Orient Electric Limited (ORIENTELEC)
Breakout Level: Above 260
Potential Target: 285 and beyond
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Orient Electric Limited (ORIENTELEC) is breaking above a key resistance level at 260. Sustaining above this level could signify a bullish sentiment shift, potentially leading to further upside momentum with targets up to 285 and beyond.
Market Analysis:
Technical Breakout: Breaking above the resistance level of 260 indicates a technical breakout, attracting buying interest and driving the price higher.
Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in ORIENTELEC.
Price Target:
The initial target for ORIENTELEC is set at 285, with potential for further upside depending on market dynamics and investor sentiment.
Risk Management:
Implementing a stop loss strategy below the breakout level is crucial to manage risk in case of unexpected price reversals.
Timeframe:
The projected move for ORIENTELEC is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM ORIENT GREEN POWER CO LTD- DAILY CHART
1. Trendline breakout seen on daily chart recently
2. Triangle pattern breakout also can seen on chart
3. Double bottom formation seen, where both double bottom candles are hammer candle,
4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish
5. wave trend also seen double bottom formation on oversold line
6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal
RISK FACTOR.
* Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful.
BUY ORIENT GREEN POWER CO LTD @ 11.65
TARGET 15-18
stop loss 8
@@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
Orient cement`s next target is 117.55In the monthly chart view, orient cement's next target is looking 117.55 which is the next resistance of the ongoing up move. But weekly is showing the next target is 120, will take a long time than monthly chart and daily chart is in consolidation so we have to wait for the breakout.
Disclaimer - These are my personal views. Don't trade on behalf of my views. Consult your financial advisor before any investment.
Comment your views
thanks
Orient ElectricTHE ORIENT ELECTRIC IS GOOD FUNDAMENTAL STOCK. IT IS CURRENTLY TRADING AT ITS SUPPORT LEVELS. IT'S GIVE A HAMMER PATTERN IS BULLISH REVERSAL CANDLESTICK PATTEN.
SO NOW TIME TO BUY ORIENT ELECTRIC.
TARGET IS 300 ; 330 ; 350.
STOP LOSS IS 255.
NOTE:- THIS TARGET IS FOR SHORT TERM ( 2 DAYS TO 3 MONTHS ).
ORIENT ABRASIVE TARGET UPDATE 25-8-2020Look fresh near 20.50 to 21.50 for upside 28 levels with stop loss 18.. refer chart for details.
