ORIENTAL AROMATICS LTD#OAL
Swing Trade Stock
Keep In Watchlist
It Can Give A Good Return After Trendline Breakout
Good Move Is Expected Follow Proper SL
Orientalaromatics
Oriental Aromatics NSE By KRS ChartsDate: 8th Aug 2024
Time: 9:44 AM
Why OAL?
1. Made Double Bottom and Reversed Successfully
2. There is Positive OB in Monthly TF and Price action react and sustain above it.
3. Along with +OB, FVG gap with 50% Encroachment picture perfect clearly visible in 1D TF.
Nearest Target 555 Rs . and Long To medium Term Target is 901 Rs
With SL of 406 Rs.
Oriental Aromatics cmp 544.60 by Weekly Chart view*Oriental Aromatics cmp 544.60 by Weekly Chart view*
- Support Zone 505 to 525 Price Band
- Volumes are seen to be steady over the past few weeks
- Stock Price staged well above the EMA 21, 50, 100, 200 levels
- Weekly basis Support at 485 > 415 > 341 with Resistance at 620 > 695 > 762
- *Stock Price has tested retested Support Zone and seems sustaining with breakout is in making by steady Volumes over the past weeks*
#OAL DIWALI LONGTERM PICKGreetings Folks,
today on the auspicious occasion of Diwali I have prepared a setup of OAL on NSE
the analysis is as follows-
-The stock has been on a constant downtrend ever since
- in my opinion, now price is looking to start its uptrend
- wait for breakout of trendline for safer entry or enter at the support zone
- please note that this is a very long term trade setup
don't play with fire, always use a predefined stoploss
