This stock breakout major resistance level and TGT will be more then 50% and this is only for educational purpose only
Orient Electric chart has succesfully break out this Channel pattern. let see what happen Next.
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%...
orient electric is in its 5th wave!! one can take swing trades from 248. targert 1- 300 target 2- 320 one can go on look at higher time frames, to analze my targets. but yes, the bull will start soon after completing its 5th wave.
Sector: Home Electronics & Appliances Company: Small cap Risk: Moderate risk Orient Electric is focused on providing lifestyle electrical solutions which include fans, lighting, home appliances and switchgears. Orient Electric reported revenue growth of 37% YoY/41% QoQ to INR 594 cr. View chart for entry levels and maintain your own stop loss. Analysis: Buy...
Orient Electric has been in strong buy zone. Even in week markets the stock seems to be strong. The target of 386 is achievable in short term of 3 months which is 12% up from current levels of 344. You can keep liberal stop loss of 315 on weekly closing basis. **ideas are my own**Invest as per your risk taking ability**
Cup and handle formation in daily time frame Expecting a good upmove above the marked resistance level on a closing basis Target level marked **Educational View only
Cup and Handle breakout on daily chart
DATE: 11 MAY 2021 INSTRUMENT: ORIENT ELECTRIC TREND: BUY TIME FRAME: DAY CMP: 288.85 BUY ABOVE: 295 STOP LOSS: 277 TGT 01: 303 TGT 02: 317 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Orient electronics is trading at 284 and is in consolidation, if it crosses and holds above 285 there can be a short term breakout in near term. Target to achieve is 355 Education Purpose