THE 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 ).
In 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....