ORIENTELEC trade ideas
Orient Electric Cup and Handle PatternPositional Trade: Orient Electric
Last close: 333
Target 1: 353
Target 2: 370
Stop Loss: 315
Orient Electric - Ascending TriangleNote: This is for educational purpose only.
There seems to be an ascending triangle formation with spike in volume. RSI at 70 indicates bullish momentum. Moreover, the price seems to be taking dynamic support at 50 EMA.
SL: ₹ 296
Expecting Breakout - Both for shorterm and Swing Trade ✌✌✌This scrip has formed beautiful pattern and it is expected to move further. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
Orient Electric - Breakout ViewOrient Electric : Swing View
Looks Good for a Breakout
Long above 338
Support at 330 and 320
ORIENT ELECTRONIC ORIENT ELECTRONIC CHART LOOKS GOOD!!
ITS A CUP & HANDLE PATTERN BREAKOUT.
CMP 333
TGT 350++
SL 324
SHORT TERM VIEW 1 MONTH.
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 26.25%.
Company has been maintaining a healthy dividend payout of 32.37%.
ORIENTELECTRICCUP AND HANDLE PATTERN.GOOD VOLUME BREAKOUT.
T1- 357 levels approx.
T2- 393 levels approx.
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
ORIENTELEC, Volume supported breakout (Cup & handle pattern)Level mentioned on the chart.
Thanks
Piyush Gupta
Learn & Earn
Buy ORIENT ELECTRICAccording to chart anylasis today this stocks give a solid breakout so if any correction has made then we can buy.
Buy 330 or above
Target 350++
ORIENT ELECTRIC--> Picture perfect breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Orientelec LongOrientelec Long
Buy above 335
SL- 306
Target- 365, 410
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CUP & HANDLE - NSE:ORIENTELECScrip: NSE:ORIENTELEC
Trade: LONG (buy when daily candle closes above 330)
Target: 395
Reason for trade: Long consolidation forming a Cup & Handle pattern. Long term trend line also holding strong since Oct'20.
Disclaimer : Please consult your financial advisor before taking any trade decision. After all, this is just an idea!
On the verge of Breakout ✌✌This scrip is slowly built up and is expected to give breakout. So traders keep on your radar to catch the momentum.
GO LONG ON LOGICAL LEVELLONG 6 MONTH TRENDLINE
FEW DAY BACK PULLBACK
LOGICAL LEVEL 300
LONG TREND IN SHORT-MID TERM
VOLUME NOT DRAGGING PRICE DOWN
VOLUME BUILDUP CAN BE SEEN AT abcd PATTERN
BUSINESS HAS BEEN GIVEN A BOOST
BUY - 300
SL - 398 OR TRENDLINE
TARGET - 322
