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Orient Electric Ltd Trend Analysis
ORIENT ELECTRIC LTD
Long
Orient Electric Ltd Trend Analysis
By Swastik24
Follow
Follow
Sep 9, 2022
9
Cheer
Cheer
Sep 9, 2022
A small cap company with better fundamentals than its peers.
Expecting a potential double bottom with bullish divergence in RSI, trendline support and golden FIB zone to act as strong reversal zone.
Good to accumulate around 230-245 levels for the following targets:
Short term swing target @ 343 (43% ROI with 2.94 R:R)
Medium term swing target @ 465 (93.75% ROI with 6.43 R:R)
Medium term positional target @ 570 (137.5% ROI with 9.43 R:R)
Stop loss @ 205 (Not recommended)
Kindly do your own due diligence before taking any action.
Peace!!
Beyond Technical Analysis
Chart Patterns
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Trend Analysis
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