Strong Weekly Close above 142.10 will lead to bullish next week.
Orient Cement keep an eye. Need a close above trendline for further upmove.
Beautiful Breakout u can observe in Orient Cement but dont jump the gun Enter only above safe Entry levels after its breached convincingly and sutains above it. Good Risk Reward Ratio. Good Strength in Stock Keep trailing after 1st Trgt Happy Trading
My diwali pick for the year as a value buy is now showing strength. Long above 131 (200EMA crossover).. No Stoploss on this stock coz its a value investment.. If it falls to 110/100 its worth doubling on this pick. If it breaks out above 142 it would make for an interesting double up kind of play.
Crossing 142 leads the way to 158-164 Crossing 158-164 range enables a way till 184
forming cup and handle ORIENT CEMENT .... 1 - forming cup and handle pattern 2 - good volume 3 - 5 month long trend line BO given 4 - positive rsi 60 5 - positive ma crossover buy @ day high sl @ 115 t1 @ 125 t2 @ 129
Stock has reached a very support level having confluence of 50% fib, horizontal S&R and AVWAP............suggesting that the tock has bottomed out
CMP 72, a very good buy at CMP for minimum 10% immediate upside
ORIENT CEMENT (LONG TERM) CMP: 170 TGT: 185, 206, 225, 240, 265, 300 SL: 140 Risk Reward (RR): 1:4 Potential Returns : 74% Potential Loss: 17.5% Time Frame: 1-2 Years
Orient cement near all time high Resistance very bullish above 185₹ cmp 176 ₹ . 1) Technically strong. 2) Fundamental strong. 3) Fii increased healthy strike . 4) Portfolio stock of Indias big bulll RJ . 5) Buy rating from all top institutions.
1. 52 Week High 2. Box Breakout 3. Volumes Spike An excellent entry point for ORIENTCEM
Stock was moving in a channel for quite a some time. Today has given a breakout out of the channel.
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
Seems consolidation of wave 4 is completed and impulse wave has started to move up. this point should be of good reward risk management
Buy above trendline Buy above trendline Buy above trendline Buy above trendline Buy above trendline
Volatility contraction in Orient cements, Entry above the pivot breakout with SL below the pivot.
Orient Cement could take the channel support from the Interjunction and go to 190 levels. Once the rise starts, 190 would be a near target
Good stock for long, with a reasonable risk-reward. This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.