thepranam

SWING IDEA - ORIENTELEC

Long
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.
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