Hello Everyone,
Here one good opportunity in this stock
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Pattern: Double bottom
Recent it has given break out and also consolidate near break out , So it good time to take entry and try to make good profit.
Entry : 150
SL : 140
and Profit can be : 180
Its my point of view for this stock so, review it on your own and do your best. I am just...
High probability that the stock will bounce back from the support level. Long above 145 & trail SL as per your risk to reward. Add the stock in your watch list. This is for your educational purpose only.
Price is breaking the resistance, its buy in dips as long as it holds 118 - 123 for the targets 134, 148, 166, 182 and 192.
Note : Consult your financial advisor before investing.
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
My diwali pick for the year as a value buy is now showing strength.
Long above 131 (200EMA crossover)..
No Stoploss on this stock coz its a value investment..
If it falls to 110/100 its worth doubling on this pick.
If it breaks out above 142 it would make for an interesting double up kind of play.
forming cup and handle
ORIENT CEMENT ....
1 - forming cup and handle pattern
2 - good volume
3 - 5 month long trend line BO given
4 - positive rsi 60
5 - positive ma crossover
buy @ day high
sl @ 115
t1 @ 125
t2 @ 129
Orient cement near all time high Resistance very bullish above 185₹ cmp 176 ₹ .
1) Technically strong.
2) Fundamental strong.
3) Fii increased healthy strike .
4) Portfolio stock of Indias big bulll RJ .
5) Buy rating from all top institutions.
