MTF Positional Pick - Buy Orient Cement Ltd For Target Rs.214 - HDFC Securities
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MTF Positional Pick - Buy Orient Cement Ltd For Target Rs. 214 - HDFC Securities
* Descending Triangle Breakout is seen on the daily chart
* Price breakout is accompanied with jump in volumes
* Primary trend of the stock has been bullish with higher tops and higher bottoms
* Daily RSI has registered trend breakout on the daily chart
* Daily MACD is sustaining above equilibrium and signal line. MACD trend breakout is also seen on the daily chart
* Stock has been holding levels above its medium to long term moving averages
* Daily DMI indicator has turned bullish on the daily chart
Buy Orient Cement Ltd Up to 3 Months @ Average Level 164 CMP 175.25 TGT 214 SL 158
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