ORISSAMINE (Monthly):- 3484.20 CMP LOOKS GOOD FOR UPSIDE :) 1) Multiyear Breakout Candidate :) 2) Volume spurts
The Orissa Minerals Development Company Limited
Investors Pick : Excellent Price Action and strong surge in volumes. Looks like it is ready for breakout. ~2700 levels are resistance levels since 2015-2016.
Date: 12/ 05 /21 Stock: ORISSAMINE CMP: 2790 Transaction type: Buy Price: CMP Target: Marked in chart SL: 557 Channel breakout
Add Half quantity now and add more on EOD as per Your position size. Enter with respect to your Risk reward ratio. Follow and DM to learn more
ORISSA MINERALS IS FORMING ASCENDING TRIANGLE CHART PATTERN ON 1 DAY T.F. I EXPECT A TARGET OF 2800-3200 IN COMING SESSIONS.
ORISSAMINE Multiple times resistance breakout ORISSAMINE @2840 for target of 3250
buy above 2785 or safe side above 2800
SL: Sell below Breakout Candle. TGT: Breakdown of 20MA on Hourly chart (on a daily close basis) BUY RULES: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL RULES: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a...
buy above 2785 or safe side above 2800
Good volume Watch for breakout Daily and Weekly RSI entered Bullish zone Monthly RSI took 60 support
Volatility contracts & volumes become dry is more often followed by a big candle. As stock is taking support at 20 MA and is near to 20 MA, this is Low Risk entry point. 20 MA Riding indicates a strong Trend. Always try to enter whether Long or Short near to moving averages for better Risk Reward Ratio
Buy between 1210-1230, target 1300, 1400 & 1450. Stoploss below 1150.