ORIENTBELL trade ideas
$NSE:ORIENTBELL Will take Support or Not ? Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:ORIENTBELL you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:ORIENTBELL
Support Level- 450-440
Entry Point- 445-440
Stop Loss Point-400
Target Point-520,580,620
Time Frame -6 Months
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Thank you for entrusting us with your investments. We remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
Buy Today, Sell Tomorrow: ORIENTBELLDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in ORIENTBELL
Buy Today, Sell Tomorrow: ORIENTBELL
#ORIENTBI #Stockmarket Orient Bell Ltd
Stock On weekly Chart forms Cup & Handle Pattern and give breakout with good volume
Also on daily chart forms bullish H&S pattern.
Now stock will retrace after this BO.
Can be add at 650 levels at trendline support levels.
For positional targets of 870 to long term targets of 970.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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ORIENTBELL | Good for Long | Inverted Head and Shoulder Pattern NSE:ORIENTBELL
Cmp : 709.30
Entry : CMP OR on a pullback of 695
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Cup & Handle Breakout on weekly chartThe stock has given a cup and handle pattern breakout on weekly time frame and if the weekly candle closes above the 9-year-old trendline, we can expect a good upmove in coming weeks.
There have been good volumes in last 2 days and we had shared this trade in our equity reserach both the days.
Fresh entry to be taken above 734 level for short term target of 760, mid term target 880 and long term target of 985.
Idea is only valid on weekly candle closing basis.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
What is Fib Speed Resistance Fan? How to use it?A Fibonacci fan is a technical analysis charting technique that uses the Fibonacci ratio to predict support and resistance levels graphically.
The Fibonacci ratio can be used to describe proportions in everything from nature's smallest building blocks, such as atoms, to the universe's most advanced patterns, such as unimaginably large celestial bodies. Nature relies on this innate proportion to maintain balance, but the financial markets appear to follow suit.
Traders can use the Fibonacci fan lines to predict key points of resistance or support where price trends may reverse. Once a trader has identified patterns in a chart, he or she can use those patterns to forecast future price movements as well as future levels of support and resistance. The predictions are used by traders to time their trades.
For both the price and time axes of charts, technical analyses based on Fibonacci ratios are available. Retracements can also be used by analysts to generate arcs or fans on arithmetic or logarithmic scales. Nobody seems to know whether these tools work because stock markets follow a natural pattern or because many investors use Fibonacci ratios to predict price movements, causing them to self-fulfill. In any case, key support and resistance levels at 61.8 percent tend to occur frequently on both uptrends and downtrends.
Simply find the proportion of one number in the series to its neighbors to derive the three key ratios commonly used in technical analysis based on the Fibonacci series. Adjacent numbers produce the inverse of phi, or 0.618, corresponding to a 61.8 percent retracement level. Numbers two positions apart in the sequence produce a ratio of 38.2 percent, while numbers three positions apart produce a ratio of 23.6 percent.
Resistance to Speed Fan lines can also be used to represent support or resistance lines. Price frequently remains above the higher speed line during an upswing. When this line is breached, prices often fall to the lower speed line, which often becomes the support level. If prices fall below the higher speed line, then climb to the lower speed line, the lower speed line becomes the resistance level. Breaking a lower speedline in a downtrend suggests a likely rise or rally to a higher speedline. If the line is broken above, the rally may continue to the top of the previous trend (or the underlying trend line).
#ORIENTBELL - RT Idea#ORIENTBELL - RT Idea
CMP : 415.40
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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Orient Bell Positive Result ReactionWith quarterly sales increasing by 24% and quarter profit increasing by 64%, NSE:ORIENTBELL posted good set of numbers and the share broke out of a 6 month old trading zone. It came down to its support at Rs. 421 and now bouncing back. It's a good buy at this level with a stop loss around Rs. 420. Either sell below the stop loss or when the share closes below daily supertrend.
ORIENT BELL Being Bull around Bears Orient Bell is engaged in the business of manufacturing, trading, and selling ceramic and floor tiles.
The company has reduced debt.
The company is almost debt-free.
Company is expected to give good quarter
Stock is trading at 3.32 times its book value
The company has delivered a poor sales growth of -6.02% over the past five years.
The company has had a low return on equity of 3.09% for the last 3 years.
The dividend payout has been low at 6.08% of profits over the last 3 years
the stock can be considered for short to mid-term trade
Investment Idea for Orient BellsFundamentally Strong Stock with the Piotroski Score of 7
Tech Analysis:-
Two Type of breakouts
1) Firstly more than four years of breakout from the 18th september 2017 candle
2) A symmetrical triangle formation whose breakout is on 24th Jan 2022 weekly candle
Indicators-DMI+ conformation
RSI 70.30
Price above 20 EMA in all tym frames
Stoploss- 350
Note-Stoploss to be taken on the closing basis