CUP AND HANDLE PATTERN IS OBSERVED IN ORIENT ABRASIVE ON DAILY CHART ANALYSIS. THERE IS HORIZONTAL SUPPORT AND TREND LINE .POTENTIAL BREAK OUT IS EXPECTED WITH FIRST TARGET OF RS 31 AND SECOND OF RS 33 IN COMING FEW DAYS. STOP LOSS SHOULD BE IMMEDIATE SUPPORT WHICH IS PLACED AROUND RS 26. THERE IS VOLUME CONSOLIDATION ALSO WHICH INDICATING TOWARDS POTENTIAL BREAKOUT.
Comment:
target achieved: stock rises massively by 25% in just two trading days(38.5).. bulls eye hit
Trade closed: target reached