Orient Refractory: Long One can buy Orient Refractory with the Stop loss as 250 and target open. A beautiful retest of a breakout is visible with negligible volumes indicating weak hands are out. Deliveries are also above 60% for the fall.
ORIENTREF
Orient Ref "Range Breakout & Trend Line Breakout"Big Breakout - Orient Ref
Closing Price - 303
Buy 50% On Monday
Add 50% If Price Drops To 279-280
Strict SL - 212 (WCB)
Target - 450
Rectangle Breakout - Orient RefractoriesRectangular Breakout seen in ORIENTREF with high volume .
Buy only if the high of the breakout candle is broken.
You can either target a 1:1 ratio or the target given below.
Buy levels: 215.5-218
Stop Loss: 183
Target: 252.5
ORIENT Refactories Ltd buy setupBuy ORIENTREF between 245-237
T1: 315
T2: 333
T3: 360
T4: 405
SL: 217
