SWING TRADING ANALYSIS : Oriental Carbon & Chemicals (OCCL)SWING TRADING ANALYSIS: Oriental Carbon & Chemicals (OCCL)
LONG VIEW FROM CMP
SL 720 ON CLOSING BASIS
EDUCATIONAL PURPOSE ONLY
OCCL trade ideas
ORIENTAL CARB & CH should earn by shorting for intraday trading The Ichimoku cloud and lagging span are indicating its downstream, which can be grabbed for a short period, especially for intraday traders, let's see the movements for 19th of July 2019.
Oriental Carbon & Chemicals: Is Something Great Brewing?-Stock already up close to 15% since first post.
-A potential triple inside day brewing, depending on today's range.
-Volume drying up as the stock has corrected over the last three days, indicating dearth of sellers.
-Stock bouncing nicely off of 50 day EMA. It's a strong support.
-Showed great relative strength on the day when there was blood on the street.
-If the stock forms a triple inside day candle today, it could see a rapid move to the long-term trend line (orange).
Not an investment advice. Do your own DD.
Disclosure: Invested.
Oriental Carbon & Chemicals: Unreal strength -Stock up nicely since last post.
-Looking to enter as a relative strength play. High volume green day when there was blood on the Street.
-Chart still bullish. Expecting price to touch the long term trendline in the coming weeks.
Disclosure: Not invested yet. Not an investment advice. Do your own due diligence.
Oriental Carbon : A Rally is Possible in Upside ... Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
Oriental Carbon & Chemicals: Show me the money.-Small bullish wedge formation.
-Stock price near key support.
-Rs.1000 mark is also a key psychological support that is holding up well.
-Slight divergence on RSI.
-Divergence on Stochastic.
-MACD at historic oversold levels suggests that the stock might be oversold.
-Divergence on MFI from oversold territory.
-Stock has a good history of bouncing whenever MFI was indicating oversold along with divergence.
Two Different Possibility This script has two different possibility
01) Brake of the structure it will move Up side
02) Brake of the lower structure it will possible turn around near 990+ , then Upside move
both indicate its moving for one more upside before heading for sideways or Major correction
OCCL triangle breakput possibility of a triangle breakout in OCCL
By at price of 1197 for a target of 1355.
