Stock was moving in a channel for quite a some time. Today has given a breakout out of the channel.
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
Seems consolidation of wave 4 is completed and impulse wave has started to move up. this point should be of good reward risk management
Buy above trendline Buy above trendline Buy above trendline Buy above trendline Buy above trendline
Volatility contraction in Orient cements, Entry above the pivot breakout with SL below the pivot.
Orient Cement could take the channel support from the Interjunction and go to 190 levels. Once the rise starts, 190 would be a near target
Good stock for long, with a reasonable risk-reward. This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
RSI moving above 60, Bulls in control MACD Bullish crossover completed EMI 9,21 Cross completed Potential Hidden Bullish Divergence in chart as well. Seems like there might be some upside potential here.
Breakout retest and bounce RSI 60+ (RSI divergence play good role in current bounce) Super chart pattern HH-HL Ready to make ATH Buy near 155-157 SL 145 on daily closing for trg of 200
ORIENT CEMENT - ROUNDING BOTTOMS - capex planned, there are some expansions planned upto 2025 / 2026, somebody with long term view can look at this
In the monthly chart view, orient cement's next target is looking 117.55 which is the next resistance of the ongoing up move. But weekly is showing the next target is 120, will take a long time than monthly chart and daily chart is in consolidation so we have to wait for the breakout. Disclaimer - These are my personal views. Don't trade on behalf of my views....
ORIENTCEM is at its breakout level One can buy it on your own between 151-155 For positional and intraday both can be done. STOPLOSS WILL BE 135 THIS RECOMMENDATION IS ONY FOR EDUCATIONAL PORPOSE PLEASE MAKE YOUR ONW RESEARCH BRFORE INVESTING WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS HAPPY INVESTING..!!
At 15 july I posted the Signal of Orient cement for educational purpose and also for some interested people to trade it. It gave a good breakout with volumes more than Volume moving average 22 on 20th July. The stock has closed on our 1st target i.e 160 on 30 July and made a high of 162 giving a return of 8% Now our Gates are open for 165-170-175-185++ 155 would...
One can prefer Long with SL of 145 and mention Target R:R-1:3
Orient cements is fundamentally strong small cap cement company that looks ripe for a technical breakout Expecting realty bull run to help cement sector. FII holding also steadily increasing QoQ