#Orient Electric in sideways with bullish view#Orient Electric in sideways with bullish view
CMP:267 @ 18 November 2022
ORIENTELEC trade ideas
Breakout in ORIENTELECBreakout in ORIENTELEC
Entry: CMP
Target 1 - 295
Target 2 - 350
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
ORIENT ELECTRIC LTDONLY FOR EDUCATION PURPOSE
main and strong support @264
tgt for long term(6-8 months):- 390-400
tgt for short term(2 months):-330
ORIENTELEC is an excellent buyStock has found support at the confluence of BLUE channel, WHITE pitchfork and strong horizontal S&R......last two weeks green candle support this......one can start buying the stock for good gains in future
Head and Shoulders pattern @ ORIENTELECBe Cautious #headandshoulders #pattern (trend reversal) at #ORIENTELEC weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders pattern) . One should try to keep the profits with them. Now if you think you are buying it on discount, then you are wrong - you are buying on the other side of trend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown
Orient Electric Long SetupOrient Electric is trading near 100 DEMA and potential support zone of 360-365. Overall trend in stock is bullish and a bounce to previous swing high might be possible. As per trade setup we can initiate buy at 360-365 with a Stoploss at 346 and target 394.
ORIENT ELECTRIC ON TREND LINE SUPPORT-orientelec acending triangle pattern breakout and consolidating for over two months
- now at support zone + trend line
Symmetrical triangle pattern formedAdd it in your watchlist. Wait for breakout and Trade according to breakout with proper stoploss.
ORIENT ELECTRIC : VERGE OF BREAKOUTFresh Buy@CMP
TGT - 450 & 480
SL - 350
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
ORIENT ELECTRIC LOOKS GOODBUY 385-386.50 T1 407 T2 420 SL 375 -DKM SIR
buy as per your risk
i can see the upmove
MOVE AFTER RETESTING 365 ORIENT gave a breakout at 365 made a high of 393
restested the level and moving again.
buy at 371
targets of 415
ORIENTELECTRIC - Positional LongNo Brainer!
1. All Time High
2. Breached a simple/short term resistance point
3. With pickup in volumes
OrientElecOrientElec Channel BO SL 297 Tgt 435-525-660-760 CMP 375 Special Diwali Pick for Long Term....
Abv Chart is for Study Purpose only..
Orient Electricals - Volatility Contraction Pattern and BreakoutOrient Electricals was moving within a range. Today the stock has given breakout out of the contraction. Can be added more on pullback
Trade is ON in Orient Electric (Target 1 Achieved)...This is follow-up on Orient Electric. Can check link to related ideas.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 2 (51%) achieved in Orient Electric. Target 3 is ON...This is follow-up on Orient Electric. Can check link to related ideas.
Target 2 achieved. More than 51%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#OrientElectric Cup & Handle on weeklyOrient Electric has given breakout from weekly Cup and retesting the neckline
Holding time - 1-2 Quarter
Target 370-510-650
BUYING AT THE SUPPORT The company has been showing good profit and numbers.
We can see the pricing is moving in a channel type and the price always bounces back from the support so we can look for a buying opportunity if the price comes at the support level.
A consistent up move can be witnessed with consistent good profit numbers shown by the company.
Market Cap
₹ 7,525 Cr.
Current Price
₹ 355
High / Low
₹ 368 / 174
Stock P/E
49.5
Book Value
₹ 21.5
Dividend Yield
0.56 %
ROCE
35.5 %
ROE
29.4 %
Face Value
₹ 1.00
Ascending Triangle Breakout || Orient ElectricSelf-explanatory chart and title. Volume is also good on the breakout. Can be bought for a target of 362-363. CMP-339 and SL will be 326 on a closing basis. A 1:2 Risk Reward ratio. Do follow for more swing trading ideas.
Target achieved in a week ! 6.8% gain!!The stock was given at 339 and today it hit the target of 363. HIT the like button if you liked my analysis and do FOLLOW for more swing trading ideas. For reference, I am attaching the idea suggested below.
