SWING IDEA - ORIENTELEC

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.

Note

Support Level mentioned has maintained very well.
10% Profits done so far.
Trade seems to be going exactly as expected.

Note

Stock is near the Support/Resistance zone now. Once it has successfully crossed this level/Closes above this level on the weekly charts, it will start going up even faster.

Trade closed: target reached

Trade Completed. Target Achieved.
Total 23% Profits booked.
Time Taken = 6 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

Note

Did a maximum of 27% Profits from our Entry zone.

Note

Despite a weak market this week, stock has managed to still go upward and achieve close to 32% Profits from our Entry Zone. Congrats to those who are still holding on to the trade and booking higher profits.

thepranam

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thepranam

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