ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM
ORIENT GREEN POWER CO LTD- DAILY CHART
1. Trendline breakout seen on daily chart recently
2. Triangle pattern breakout also can seen on chart
3. Double bottom formation seen, where both double bottom candles are hammer candle,
4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish
5. wave trend also seen double bottom formation on oversold line
6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal
RISK FACTOR.
* Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful.
BUY ORIENT GREEN POWER CO LTD @ 11.65
TARGET 15-18
stop loss 8
@@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
1. Trendline breakout seen on daily chart recently
2. Triangle pattern breakout also can seen on chart
3. Double bottom formation seen, where both double bottom candles are hammer candle,
4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish
5. wave trend also seen double bottom formation on oversold line
6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal
RISK FACTOR.
* Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful.
BUY ORIENT GREEN POWER CO LTD @ 11.65
TARGET 15-18
stop loss 8
@@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
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