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Panchalk
Sep 11, 2021 4:35 PM

Channel pattern 

ORIENTAL AROMATICS LTDNSE

Description

IF it breaks out of the channel pattern it can achieve targets of 1047, 1237. The company is one of only ten completely integrated flavour, fragrance and aroma chemical manufacturing companies in the world. That is a big deal, but even if we discount all that information and see its growth it is good.. last March (2020) it slid down to 133...right now it is 943...that is big..I have mentioned IF in capitals because the broader market is choppy and is correcting so we wait and see...keep watching

Comment

although it achieved the first target 1012, Let me caution you that THIS STOCK IS LISTED AS AN ILLIQUID SECURITY on BSE( i got to know just today, so if. anyone has taken a position be very very careful). I would not trade an illiquid security. In fact DISCARD THIS IDEA ENTIRELY
Comments
ritu14
WOW!!
Panchalk
@ritu14, PLEASE DON'T TAKE ANY TRADE IN THIS STOCK. I have mentioned the reasons in my update.
ritu14
@Panchalk, Sure. I didn't have to as I havent heard of this name. Thanks though for your message. You sound to be a kind and a responsible person
Panchalk
@ritu14, Well, I am a doctor...so responsibility of patients/clients is paramount, but in this forum also it is my commitment to do the best for everyone...Cheers
ritu14
@Panchalk, Wow :)

A doctor is trading stocks is amusing :)

I like your witty response. Which field are you specialized in doctor?
Panchalk
@ritu14, I am a counselor. Psychology. Just FYI a lot of doctors trade...but i prefer swing trading, day trading is very risky
ritu14
@Panchalk, Great!! Psychology is a great subject.

I too do swing and positional trades.
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