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.
ORIENTELEC trade ideas
Oriet Electric- Ascending Triangle BreakoutOrient Electric ::
Ascending Triangle Breakout Done , need to sustain
Long above 350 with SL 340
Orient Electric - Bounced off long term TLBUY GUIDANCE:
Never buy before 3PM . 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 GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Orient ElectricFalling in VCP. Keep an eye, can blast anytime! Shown strength in falling market, look at falling volumes! Good RR. Catch t before the BO happens, and add 2nd tranche post BO
ORIENTELEC A Text Book Example of Cup with Handle PatternSharing a Text Book Example of Cup With Handle Pattern.
Orient Electric .............Further movement expected The stock has just given a breakout and will consolidate a bit before it moves further to the target shown on chart.
Orient Electric Cup with handle formationOrient Electric has formed a cup and handle formation on daily charts and closed with high buying volumes on Friday. Possible targets here are 354/380/400+ with 298-300 as good support. Reversed from 50 day EMA of 307.
Orient Electric Cup & Handle pattern.Simple Trend continuation Pattern.
Retesting of pattern is still pending.
Location of pattern is important. Continuation pattern must be preceded by a up trend.
Pattern if formed at near high levels, works out very well.
ORIENTELEC LOOKING BULLISHCMP LOOKS GOOD FOR SIGNIFICANT UPSIDE. 1) CUP & HANDLE BREAKOUT 2) BULLISH MARKET STRUCTURE 3) VOLUME EXPANSION.
ORIENTELEC All scripts posted here are only for study purpose do your analysis before taking any positions
Cup and Handle Breakout in Orient ElectricOrient Electric has formed a cup and handle pattern on the daily chart and has given a breakout. It can give 20-25% upside from the current levels. ( For educational purpose only).
Orient Electric Cmp 333 dated 16.7.2021Orient Electric Cmp 333 dated 16.7.2021
1. Ascending triangle BO above 335.
2. High Volumes.
Buy for a tgt of 400 SL 310
It is just a view, pls trade at your own risk.
Orient Electric -Getting ReadyOrient Electric -Triangle pattern formation
Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume.
How to identify false breakout?
On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a breakout indicates a lack of interest and a higher probability for a false breakout.
If the price gives a breakout on the upside and respects the upper trendline confirmed by good volume, traders can go long.
Let's see what happens.
Note= Get in the habit of focusing on your trading system and following the process for
entries, exits, and position size, rather than the money you are making or losing
at any particular moment
Orient Electric gave BO of its Cup and Handle pattern on 1D1) Consolidating from the past month
2) Gave the BO of its cup & handle pattern
3) The first target is 365
Orientalec Cup & handle Stock. Good Volume BreakoutOrientalec Cup & handle Stock. Good Volume Breakout
