thepranam

SWING IDEA - ORIENTELEC

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thepranam Uppdaterad   
NSE:ORIENTELEC   ORIENT ELECTRIC LTD
Price 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.
Kommentera:
Support Level mentioned has maintained very well.
10% Profits done so far.
Trade seems to be going exactly as expected.

Kommentera:
Stock is near the Support/Resistance zone now. Once it has successfully crossed this level/Closes above this level on the weekly charts, it will start going up even faster.

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