ORIENT CEMENT LTD NSE:​ORIENTCEM

ORIENTCEM has been moving in a rising wedge for an year now. Currently testing the bottom edge.Awaiting a reversal or breakDown on account of results.

Breaking out of the ascending triangle patter . look out for 250-280 levels . simple follow the trend , stockdada.com

ORIENTCEM_Long_Daily_13.12.2017 Entry: 160.45 Target:177 Stop Loss:154

Breakout from ascending triangle. Can do 195 shortly. SL 165. Medium term target 220.

After formation of Doji, share has formed Bullish Engulfing (shown in blue box) with good volume. EMA 12 days is moving toward EMA 26 days and about to go above it (shown by yellow and blue lines). RSI is also supporting price rise. Share price will go up.

Please check the annotation

Orient Cement is setting up well in the charts. Check the annotations for further details.