Beautiful Breakout u can observe in Orient Cement but dont jump the gun Enter only above safe Entry levels after its breached convincingly and sutains above it.
Good Risk Reward Ratio.
Good Strength in Stock
Keep trailing after 1st Trgt
Happy Trading
RSI moving above 60, Bulls in control
MACD Bullish crossover completed
EMI 9,21 Cross completed
Potential Hidden Bullish Divergence in chart as well.
Seems like there might be some upside potential here.
ORIENTCEM :
- Filtered in Strategy #3
- Flage&Pole pattern
- BO done
- Volume BO done
- Holding 1-2 month for good return
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
According to the chart, orient cement is looking long. It has clearly broken consolidation of last some days as you can see on the chart and it is gradually increasing along with the uptrend line. And we can see that buying intent of last three days is also increasing, but the factor that can is a little bit negative is the volume of buy, but it is increased from...
