NSE:ORIENTBELL
Cmp : 709.30
Entry : CMP OR on a pullback of 695
Stop Loss: According to one's Risk Reward ratio
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The reason i select this stock, coz 99% stocks are falling, very rarely any stock moving up. and this stock given breakout that's why it grabbed my attention. i explained everything in this video if you have still confusion, pls comment.
With quarterly sales increasing by 24% and quarter profit increasing by 64%, NSE:ORIENTBELL posted good set of numbers and the share broke out of a 6 month old trading zone. It came down to its support at Rs. 421 and now bouncing back. It's a good buy at this level with a stop loss around Rs. 420. Either sell below the stop loss or when the share closes below...
Stock has given multi year breakout with Bullish Flag continuation pattern.
Stock has also bounced back 100ema.
safe entry would be near 400-405 on retracement and aggressive traders can buy above 456 with proper SL.
Stock can give multifold returns.
Closing below T1 trendline stock will become weak,
Please follow proper risk management.
DISCLAIMER: For...
NSE:ORIENTBELL
Entry around 255-260
Stop-loss 233 Daily Closing Basis
Target 280, 300++
Orientbell has taken multiple time Support on Long term trendline
Has formed cup pattern also
Given good Breakout of Cup pattern with a very huge spike in volume
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please...
Orient bell follows the technical analysis very well and currently it is near CNH pattern breakout. There was a consolidation seen in handle formation, so this makes
the pattern more reliable. Closing above 111-112 is imp for confirmation. But, keep your mind clear that any pattern can be fail so SL would be 98. Target as per pattern is near 160, but there is a...
