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Orientelectric

3rd wave in Orient Electric expected target 350 This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over. It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress. Also seeing a rounding bottom. Initial Target is 300 and then 350 - Lets see how it progresses... I expect the 3rd wave to continue to 350 levels, provided it breaks out of the 300 levels..
NSE:ORIENTELEC
by sabu_m
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.
NSE:ORIENTELECLong
by CyborgTradingHub
Target 2 (51%) achieved in Orient Electric. Target 3 is ON...This is follow-up on Orient Electric. Can check link to related ideas. Target 2 achieved. More than 51%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ORIENTELECLong
by MandeepSinghKohli
DAILY SWING CALL // Monday 24th of May 2021 // NSE: ORIENTELECDAILY SWING CALL // Monday 24th of May 2021 // NSE:ORIENTELEC // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 299 TARGET: 344+ (15% Around) STOP LOSS: 269 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:ORIENTELECLong
by Amit_Padishalwar
DAILY SWING CALL // Wednesday 10th of March 2021 // ORIENTELECDAILY SWING CALL // Wednesday 10th of March 2021 / NSE:ORIENTELEC // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 292.35 TARGET: + 337 (15% Around) STOP LOSS: 262 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:ORIENTELECLong
by Amit_Padishalwar