Stock name = Oriental Carbon & Chemicals Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations....
Market Share: # OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market. Majority of demand for insoluble sulphur is derived from the automotive tyres industry. It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market. OCCL has established itself as a preferred first/second supplier to all major...
Oriental is about to form an AB=CD Pattern. we can see a 5 to 25% plus move in coming weeks one should wait for close above 795 for a safe entry
In the Weekly Chart of OCCL , we can see that, it has formed a Double Bottom Pattern. We can see a strong recovery in W Pattern. Enter on breaking its HIGH with LOW as SL.
Reason for long a) Failure of head and shoulder pattern b) vwap support for long next 15 days is the season of corporate results, hence chance of going high is high, but any how SL compulsory
OCCL breakout of from falling wedge flag pattern in daily time frame alogn with Positive divergance in RSI
OCCL already shows RSI positive divergance FIb level 2 is next ressitance which is same as 200EMA on daily tf but sentiment seems positive still should wait for breakout and enter on retesting
Parallel channel breakout. Also 4 year resistance zone have become as a good support now for the stock. Easily can go to All time highs but first target can be 1420. There are three possibilities from here "a" ,"b" and "c". a- stock can touch recent lows around 1160-70 and can bounce from there. b- can touch the resistance zone once again and then bounce. c-...
Trade setup: Weekly: Crossed longterm trend line (red colour) with volumes, and sustained this time. Daily: golden crossover (21EMA > 50EMA > 200EMA) Entry = CMP (1133 INR) or wait for retracement to breakout zone (between 995 INR - 1050 INR) SL = 950 INR Target = 1202 INR (T1) and 1322 INR (T2) Fundamental Analysis: Oriental Carbon & Chemicals Limited is...
The short term EMA's are bunched and mid & long term EMA's are moving upwards. Bullish Engulfing on weekly charts. Buy - 1220 - 1230 CBSL - 1172 Target 1 - 1263 Target 2 - 1320 Risk Reward - 1:2