Orient bell follows the technical analysis very well and currently it is near CNH pattern breakout. There was a consolidation seen in handle formation, so this makes
the pattern more reliable. Closing above 111-112 is imp for confirmation. But, keep your mind clear that any pattern can be fail so SL would be 98. Target as per pattern is near 160, but there is a resistance of 150. 150 would be part booking zone.
Disclaimer:- This idea is only for educational purpose. Kindly contact your financial advisor before trading.
the pattern more reliable. Closing above 111-112 is imp for confirmation. But, keep your mind clear that any pattern can be fail so SL would be 98. Target as per pattern is near 160, but there is a resistance of 150. 150 would be part booking zone.
Disclaimer:- This idea is only for educational purpose. Kindly contact your financial advisor before trading.