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MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities
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MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities
Symmetrical 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 Electric Ltd Up to 3 Months @ Average Level 335 CMP 361.45 TGT 440 SL 320
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