Orient Electric - Strong Weekly SupportOrient Electric - Strong Weekly Support
- Weekly Support
- Weekly Flip Support
ORIENTELEC trade ideas
50 SMA Rising - Swing TradingI am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade for 2 to 4 weeks.
Do not Forget to Exit is Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
SWING IDEA - ORIENTELECPrice Action downward, however MACD taking trajectory upward.
As long as 225 levels are maintained, stock can seeing upward momentum.
Stock has also crossed 200 EMA.
Note: 225 is the key support level to start going upward. Any break or weekly close below this level will invalidate the above setup.
Orient Electric analysisThe technical analysis for Orient Electric Ltd. remains mixed. The stock faces resistance and is in a downtrend over the long term. The short-term trend is neutral.
The closest support zone is around 250-235 supported by moving averages, The volume is relatively low, suggesting not much conviction behind the recent price movements, still lacks a clear volume and trend support.
In case If stock continues up trend and stays above 286 with good volumes. we can expect next resistance of 320.
This is my personal view & NOT a BUY/SELL/HOLD recommendation
For educational purpose only.
your views and analysis is welcome.
Note: Remember that investing involves risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any personal investment decisions.
Breakout after a long term correction "ORIENTELEC"Orient Electric is now showing momentum in 1W time frame after a 2 year correction.
ORIENTELEC LongMarket Cap ₹ 5,167 Cr.
Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers.
Lapu Star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
Swing tradeThere is a reversal.
good support at 214 which can be stop loss on day close basis
enter above 222, for a 10 % move.
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEAR Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point of time ORIENT ELECTRIC goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges / Green ranges.
All the Best Folks ! Stay tuned for updates.
Positive Divergence along with High Volumes. Have a look at Self explanatory chart with my comments.
Showing positive divergence.
Can be good chance to do bottom fishing.
If price remains below 218.05 well and good.
Make or break level 203 to 205.
Strict stoploss should be in place.
Exciting Bullish Pattern Alert!📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Triangle
📌 Symbol/Asset: ORIENT ELECTRIC
🔍 Description: Near By Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
ORIENTELEC ViewsThis script is seen negotiating hard around value zone, and so does it deserve a place in the watch list for the study purpose.
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Orient Electric ATH viewI have took trade in Orient Electric (ORIENTELEC)
Entry - 271
SL - 259
Target - 390 and 490
Current probability - 50%
Pros:
1. Fundamentally good stock
2. RR = 1:9 and 1:18
Cons:
1. Market is already in over bought zone
Note : Invest with half quantity to reduce the loss size.
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.
ORIENT ELECTRIC ORIENT ELECTRIC - Confluence of channel bottom + last support zone + 50 ema
The set up seems good to make a trending up move from here.
Keep strict SL of 50 ema here.
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ORIENTELEC: LONG: 20%: R/R 7.4- low risk trade
- breakout retest happening in chart
- RS breakout from consolidation box
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
