ORIENT GREEN POWERThis stock breakout major resistance level and TGT will be more then 50%
and this is only for educational purpose only
Orientelectric
ORIENT ELECTRIC ANALYSISOrient Electric chart has succesfully break out this Channel pattern.
let see what happen Next.
Orient Electric Ltd Trend AnalysisA 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!!
orient correction waves!!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.
ORIENTELEC - Long viewSector: 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 recommended
Buy Orient Electric: Looks StrongOrient 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**
OrientelecCup 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
ORIENT ELECTRIC ::: BULLISHDATE: 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.
OrientElec Short term BreakoutOrient 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
