ORIENTELEC trade ideas
TGT : 199 / 2051 : Attractive valuation until 190
2 : Ranks 3rd out of 10 companies in Consumer Electronics sector
3 : Near Support of 178 / 173
Orient Electric Its a wait and watch till it takes out its recent highs ( 213 ). Bearish pattern on the Daily chart for now. Will look for a bullish reversal. On watchlist.
Buy orient electric BUY ORIANT ELECTRIC Above 505 Hourly closing basis
With stoploss 185
For target 230,254,280
orient electronics.. strong breakout with volume ...investment in stock market require proper analysis so do your own analysis and like & follow me if you love my content and want me to share ideas .. thanks
here technical indicators are also giving bullish signal with volume so great time to fill pockets
within the accumulation zone of 184-196!once 196 is crossed, then 215 or new ATH might b seen. Keep an eye!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Orientelec- Poll and Flag Pattern#ORIENTELEC has formed #pollandflag pattern and now stock looking too bullish from cmp there is support at level 130 upcoming move can 50-100% in next 3-4 months.
