ORIENTREF (Weekly):- 349.65 CMP looks good for more upside :) 1)Multiyear Breakout :) 2) Huge Volume Activates
ORIENT GETTING REJECTION ON WEEKLY TIMEFRAME AND BE ACCUMULATED TILL THE LEVELS OF 275......GETTING UPWARD REJECTION WILL LEAD TIHS TO 335,350+
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.
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
All time high volumes in weekly also increasing in volume with price increment so for short term buy above weekly high or for long term buy at CMP add till 240 Good support near 200-180 if closing below this then we may see more downside Market Cap--₹ 3,641 Cr. Stock P/E--49.5 ROCE--29.3 % ROE--21.7 % Company is almost debt free. Good fandamentls
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average and life time high that gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . Kindly Let us Know if you have any questions.
buy above 234 target 250, 260, 270++
buy above 236 target 250, 260, 270++ didn't sustain last time as opened gapup
CMP 198 Buy Now and add in dips till 180 Stop loss below 162 Day closing basis Target 250
we can except good move above if it break the level of 185 Target: 200
Buy ORIENTREF between 245-237 T1: 315 T2: 333 T3: 360 T4: 405 SL: 217