ORIENTELEC trade ideas
thoughts??personally I'm slowly building position
looks good above 225-235 range
expecting to reach all time high 400+
ORIENT ELECTRIC - Rounding bottom with fresh volumesClear rounding bottom with fresh volumes.
Targets(T1, T2, T3, T4 & T5) mentioned along with expected time frames. Stop loss marked as SL. Can achieve better targets, should carry trailing stop loss once in good gains. Also keep tracking quarterly results to monitor performance.
Operating leverage should lead to margin expansion.
Disclaimer: No recommendation
3rd wave in Orient Electric expected target 350 This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over.
It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress.
Also seeing a rounding bottom.
Initial Target is 300 and then 350 - Lets see how it progresses... I expect the 3rd wave to continue to 350 levels, provided it breaks out of the 300 levels..
Orient Electric - Breaking out for possible multibagger returns After a two year consolidation from Dec 2021 - it seems Orient Electric is breaking out with volumes and its probably the start of wave 3.
The many narrow range candles in the weekly chart, the 0.618 levels of the previous impulse move, and the ending diagonal indicates that the complex correction is over.
Orient Electric has broken out with a good green candle with excellent volumes. So probably its the start of wave 3, in which case a target of 700 can be achieved in the next 2 years.
However lets see the movement and go step by step - before jumping the gun. So first lets look at a target of 280, then 350 and then will take it from there.
Orient Electric - Best buy above 273 on weekly closing basis.Orient Electric - FII's increased their stake.
with boom in home sales, all consumer stocks are expected to do well.
One can enter small above 273. Plus remaining post results which are expected on june end.
One may exit if results aren't good. Strict Stop Loss - 224
Disclaimer : Educational content. Please do your own research.
Bullish Breakout Potential: Orient Electric Breaking Resistance Details:
Asset: Orient Electric Limited (ORIENTELEC)
Breakout Level: Above 260
Potential Target: 285 and beyond
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Orient Electric Limited (ORIENTELEC) is breaking above a key resistance level at 260. Sustaining above this level could signify a bullish sentiment shift, potentially leading to further upside momentum with targets up to 285 and beyond.
Market Analysis:
Technical Breakout: Breaking above the resistance level of 260 indicates a technical breakout, attracting buying interest and driving the price higher.
Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in ORIENTELEC.
Price Target:
The initial target for ORIENTELEC is set at 285, with potential for further upside depending on market dynamics and investor sentiment.
Risk Management:
Implementing a stop loss strategy below the breakout level is crucial to manage risk in case of unexpected price reversals.
Timeframe:
The projected move for ORIENTELEC is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
Long-term InvestmentIt's weekly time frame strategy for long term ... Entry when price bullish cross super trend level.. 1st target 40% share book @ 40% gain, 2nd target 30% share book @ 40% gain from 1st target... congratulation your investment is back with profit.... and also you have 30% share which is free of cost, so can hold is for life time If you want
best consolidation happing in orient electrifrom last 2 years orient electri is consolidating and forming some good structure for future positions if stock break 220 market price level next target be like 280
Accumulated -> Breakout -> Retraced -> Possible upmoveSome of the Consumer Durables Voltas, Symphony, Orient, Prestige, Crompton etc. are in sideways or accumulation from few months while Havells , Bluestar on uptrend.
This may be a start of up move or a bounce before a downtrend.
Orient Electric accumulated for few months, gave a break out and retraces with out volumes suggest an up move. SL 215.
Triangle breakout with very high volume and retest done -Triangle breakout with very high volume and retest done
-currently 50 ema is reacting as resistance but should break it easily
-strong support from lower level
-keep in radar it can give 25-30% return
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 3 : On result day trail your SL at 15Min Time Frame
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that, it has created 2 Pin bars near Support level.
Enter on breaking its high with low as SL.
For long idea,i am providing Orientelect above 228.15Orientelect entry above 228.15 ,
For long entry,
You can mag me for more detail.
ORIENTELEC STOCKNSE:ORIENTELEC Stock trend reversal from the best bottom support level of 215 rupees.
Buy sustain above the 225 rupees.
First Target is 238 rupees.
Second Target is 250 to 260 rupees.
stoploss is below 210 rupees.
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that, it has mad a Decision Making Candle.
Possible momentums are shown in charts.
If it breaks the Candle's high, this will called as W Pattern breakout.
If it breaks down, it might test the lower levels again.
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that; after channel breakdown, Decision making Candle is formed near Big Cup & Handle Trendline breakout.
Possible momentums are shown in chart.
Enter on breaking its HIGH with LOW as SL.
ORIENTELECWelcome to the new week, See the chart you will find good price action for up move in ORIENTELEC
#SwingTrading
#Breakout
#PriceAction
Disclaimer: This is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
ORIENTELEC - Weekly AnalysisIn the Weekly Chart of ORIENTELEC ,
we can see that; it has given Cup & Handle Pattern Breakout.
Let it retest.
Enter on retest at 245 with SL as 234 and target as 288-290 .
Book profit with 1:5 Risk Ratio at 288-290 and exit.
Orient Electric : falling wedge BreakoutOrient Electric :
Falling Wedge Breakout
Looks good for reversal, support at 218
ORIENTELECIn Daily chart of ORIENTELEC, we can see that Inverted Head & Shoulder is getting formed.
A goof upward momentum is expected in coming weeks.
Plan an Entry at 270 with 260 as SL.
book profits at 310-320.
Positional or Longterm Opportunity in OrientGo Long above 278.2 for Targets of 312.4, 346.6, and 380.8 with SL 244
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Orient electric consolidating expecting upmoveNSE:ORIENTELEC form bullish flag at Fibonacci level.
For confirmation wait till 300. If the candle maintain to stay above 300 a bullish move can be expected.
Target 1= 350
Target 2= 400
