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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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