rounding bottom pattern in orient electric

volume breakout
rsi convergence
rounding bottom
stoploss= breach of trendline of nearest support which is placed around 316
target= around 356-360

Commento:

stock touches 350 today. formation of inverted hammer...but volume is quite good..market is very bearish today around 170 points...let us see tomorrow's trading session

Trade chiuso: obiettivo raggiunto:

STOCK goes beyond our target. it reaches 367; around 11 percent in 6 trading sessions