Oriana Power Price & RSI breakoutOriana Power target 1 Fib will retrace to 50% which is target 1 and the next target is the flag pole height. RSI trendline also given a breakout after correction over 2 months of about 38%.
ORIANA trade ideas
Taking support around 0.5 fibpotential breakout candidate , needs to break 50 EMA , currently under pressure due to preferential selling around 1800 levels but having good support around 1860 levels.
ORIANA Breakdown with high volumeit has fallen with higher volume today.
2000 looks like a key level to watch out for.
1800 is preferential issue level. so expecting some demand at this level.
100DEMA at 1910
20WEMA at 1940
watchout for reversal candle here
ORIANA 50% rally in last weeksharp rally in the last one week. rallied 50% within a week.
1 circuit away for away for consolidation.
fib extension also suggests 1350 could be interim peak.
revised lot size will be effective from 29 april. so I expect this is going to make a peak before going to long term consolidation.
IPO Base 📌IPO Base
✅Keep on Radar
ORIANA
+ Setting up nicely
+ Good Volume buildup
+ Trading above Key EMAs
