ORISSAMINE trade ideas
๐ "ORISSAMINE: Exploding to Success with 1:3 Bullish Breakout!"๐ "ORISSAMINE: Exploding to Success with 1:3 Bullish Breakout!" ๐ช๐ฅ
Prepare for liftoff as ORISSAMINE breaks free from consolidation, presenting a promising 1:3 risk-to-reward ratio. ๐๐ฐ
Calling all traders! ๐๏ธ This breakout could be your ticket to significant gains. Dive into our analysis and insights to seize this opportunity. ๐ก๐
๐ Deciphering the breakout: Imagine a stock in a holding pattern, then suddenly surges upward. It's like a coiled spring released! This is your entry point for potential profits.
โณ The risk-to-reward ratio is your guiding star! It ensures your potential reward exceeds potential loss, even if some trades don't go your way.
๐ Successful trading involves managing losses intelligently, letting your wins overshadow them. Join us on this journey to financial success, where astute analysis and risk management lead the way. ๐๐ธ๐
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Orissa Min Dev, Kindly do your own studyThis stock is looking bullish in Monthly time frame. month is yet to complete.
Monthly-Price is above 50 EMA and challenged upper bollinger band
Looks like ABCDE correction is running on.
Macd- Uptick and above Zero line
Weekly-MACD PCO stat, RSI is above 60 and ADX at 14
EMAS positive crossover and Monthly volume is very high.
Wait for BO for Big target.
Orissa Minerals Development Company LtdOrissa Minerals Development Company Ltd
Cup & Handle Pattern: Monthly Basis
Price BreakOut Needed / Vol. BreakOut (Further Consolidation Needed)
*Near Multi Year Trendline BreakOut* If broken, huge Upside Possible!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Weak Company*
Operates six Iron Ore and Manganese Ore mining leases.
Higher Commodities Prices/Infra Push / GeoPolitics - Positive Factors.
*Concern:*
Poor Financials. High Leverage. Loss Making.
*Highly Risky*
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)