ORIENTHOT trade ideas
Oriental Hotels Ltd view for Intraday 16th Jan #ORIENTHOT
Oriental Hotels Ltd view for Intraday 16th Jan #ORIENTHOT
Resistance 177 Watching above 177 for upside movement...
Support area 170 Below 173 ignoring upside momentum for intraday
Watching below 169 or downside movement...
Above 173 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
#ORIENTHOT - VCP BreakOut in Daily chart📊 Script: ORIENTHOT
Key highlights: 💡⚡
📈 VCP BreakOut in Daily chart.
📈 Price gave a good up move and consolidated before BO.
📈 Volume spike on Breakout
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 199 DCB
⏱️ C.M.P 📑💰- 196
🟢 Target 🎯🏆 – 16%
⚠️ Stoploss ☠️🚫 – 8%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ORIENTAL HOTELS : Chart Pattern Breakout#ORIENTHOT #Swingtrade #breakout #Chartpattern #Trendingsetup
Orienthot : Swing Trade
>> Inverse Head & Shoulder pattern
>> Trending setup
>> Good Volume & Strength
>> Good Risk Reward Trade
Swing Traders can lock profits @ 10% and keep trailing
Note : In Current Market Scenario, Breakouts can easily fail so Trade Good Setups with Proper Risk Management and Position sizing
Disclaimer : This is not a Trade recommendation, Charts Shared are for Learning Purpose
ORIENT HOTEL - CONSOLIDATION BREAKOUT WITH VOLUMEOriental Hotels Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on daily chart and price moving on upper Bollinger Bands
3. Price breakout from its 6 months long consolidation with huge volume
4. Major Support exists at 129-139 zone being multiple cluster of moving averages.
Can be a good risk reward to fetch on dips and dips only if it tests its break out zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Oriental Hotels - Breakout Setup, Move is ON...#ORIENTHOT trading above Resistance of 156
Next Resistance is at 211
Support is at 102
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
ORIENTHOT - Ichimoku Breakout📈 Stock Name - Oriental Hotels Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 163.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Keep an Eye - ORIENTHOT📊 Script: ORIENTHOT
📊 Sector: Hotels & Restaurants
📊 Industry: Hotels
Key highlights: 💡⚡
📈Script is trading at upper band of Bollinger Bands (BB) and giving breakout.
📈MACD is giving crossover.
📈Volume is increasing along with the price which is volume breakout.
📈Current RSI is around 62.
📈Keep an eye on Script, it may give breakout above 130.55 price.
⏱️ C.M.P 📑💰- 130.35
BUY ONLY ABOVE 130.55
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Keep An Eye - ORIENTHOT📊 Script: ORIENTHOT
📊 Sector: Hotels & Restaurants
📊 Industry: Hotels
Key highlights: 💡⚡
📈 Script is trading in consolidation zone from last 17 days, 140 is resistance level.
📈 We may see rally above 140 level.
⏱️ C.M.P 📑💰- 134
🟢 Target 🎯🏆 - 153
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
ORIENTHOT bullish; above 138.5 ? - Friday 23rd Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
ORIENTHOT | LONG | SWING | NSE:INDIA | ANALYSISPoints to consider
Trend is Upward.
Consolidation after Upward move.
Staying above the trendline after a good breakout on DEC 1st.
WATCH if there is any sudden spike towards up.
Buy If,
Breaks 127.9 and Support trendline with good volume.
RSI breakout conformation
Any other conformation
Cup and Handle Pattern Breakout - ORIENTHOTPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Oriental Hotels Day TFAn ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend.
Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.