ORIENT CEMENT IN ACTION...NSE:ORIENTCEM trade at 350 level. Stock ready to give a swing breakout above 360 level. After that you can watch for an upside swing move...
ORIENTCEM trade ideas
ORIENTCEM - Bullish Candlestick PatternORIENTCEM - reversal can be seen from a very good support forming bullish candlestick pattern.
If you know the pattern name please share it in comment section for my knowledge. I am still a learner.
Orient Cements : Mysterious 186 Points Orient Cements:
Monthly Chart Observation
Each up-move clocks186 points.
Considering (204) as a monthly open and a pocket friendly Stop Loss longs can be initiated
A FVG exists on the Daily Chart (288-291). This also can be a good Long Entry point.
Use your reasoning (Wave Theory included) and trade decisions around these levels.
Targets are depicted on the chart based on (186) points.
Orient Cement might fill the mentioned target box very soonOrient Cement Ltd. has shown significant price movement.
Recent Performance: The stock increased by 2.76%.
Support and Resistance Levels:
- Support: ₹292.90
- Resistance: ₹368.60
Moving Averages:
- 10 EMA: ₹319.06
Key Financial Metrics:
- PE Ratio: 22.56
- EPS: ₹14.81
- Market Cap: ₹6,250 Crores
- Recent Earnings: FY 2023-2024 revenue ₹2,745 Crores, with PAT of ₹125 Crores
Entry, Exit, and Stop Loss:
- Entry Point: Above ₹340 if signs of recovery are shown
- Exit Point: Near ₹390 (resistance level)
- Stop Loss: At ₹310
Disclaimer - Not a Buy/Sell Recommendation.
Just A View - ORIENTCEM📊 Script: ORIENTCEM
📊 Sector: Cement
📊 Industry: Cement - South India
Key highlights: 💡⚡
📈 Script has taken support at 195 level and started moving upward we may see 229 level.
📈 MACD is giving Crossover
⏱️ C.M.P 📑💰- 213
🟢 Target 🎯🏆 - 229
⚠️ Stoploss ☠️🚫 - 205
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
ORIENT CEMENT: Inverse H&D patternTechnical:
Inverse head and shoulder on monthly chart.
Price is following the pattern. Height of the head is 140 points
Volume and RSi is supporting it.
Relevant target : 320
STOP LOSS: 250
**These are my personal observations. Please trade at your own risk.**
Orient Cement Ltd Ready to Rock?Hello Everyone, Orient Cem has given breakout from its all time high with a Monthly candle with Good Volumes and it is near the entry point, one can look for short to long term investment opportunity in this scrip.
Stock has significantly reduced their Debts from previous years this could be another reason for breakout and going forward there can be huge rally upwards, this stock pay good dividends also another reason to hold for long term.
Orient Cement: Out of the BoxOrient Cement just came out of its lifetime rectangle box., with the good supporting volume.
200-240 could be its breakout test.
Strong Brekout on daily chartStock has give a strong breakout on daily chart with huge volume spurt .
Strong Uptrend Seen on Chart.
Stock has been maintaining a healthy dividend payout of 21.2%.
Debt to Equity Ratio - 0.25
ORIENTCEM | Continuation Pattern
Continuation Pattern
Higher Trade and Delivery
52 Week Zone
Multiple Support at RSI 60 on daily chart
orient 1w buy@cmp target 161.30, 165.30, 171 ascending triangleorient 1w buy@cmp target 161.30, 165.30, 171
ascending triangle breakout
risk reward 1.5
it just a view trade @ your own risk
sl@119.40
bullishshort term
entry : 132
target:150
minor resistance around 142
breakout of 150 can trigger movement till 180
Swing Trade Orient CementsBuy NSE:ORIENTCEM
Buy @ 165-170
Short term : 210
Mid Term : 260
Stop Loss : 150
Note: I am not a Sebi Registered Advisor. Please Consult with your Financial Advisor before Investing.
Buy : Orient CemAfter a good prior uptrend and then consolidation, and shaking out weaker players twice, it looks all ripe for a good upmove of mimimum 15-20%.
Long Trade on Orient CementsOrient Cement has moved out of a well traded region and given a breakout towards the upside. So, if it dip towards the origin there will be our entry and easy 10-30% can be targeted, until it shows lack of demand.
orient cementEstablished in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. In 1997, a split-grinding unit was added at Nashirabad in Jalgaon, Maharashtra. In 2015, Orient Cement started commercial production at its integrated cement plant located at Chittapur, Gulbarga, Karnataka. The product mix includes Pozzolana Portland Cement (PPC) & Ordinary Portland Cement (OPC) marketed under the brand name of Birla.A1 – Birla.A1 Premium Cement and Birla.A1 StrongCrete.
Business area of the company
The Company is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.
Products
Birla.A1 StrongCrete: Birla.A1 StrongCrete is a specially engineered cement for concrete applications such as foundation, beams, columns and slabs.
Birla .A1 Premium Cement: Birla .A1 Premium Cement is manufactured by the inter-grinding of clinker, gypsum and very fine-grained highly reactive fly ash. Its biggest advantage is uniform particle size distribution which gives greater strength, and helps achieve higher density with lower porosity in concrete made from it, leading to increased durability.
Birla .A1 Premium Cement: OPC 53 Grade: One of the pioneers of 53-Grade Cement in India, Orient Cement opened up a whole new dimension in building construction with the launch of Orient Gold 53-Grade Cement in 1992.
Birla .A1 Premium Cement: OPC 43 Grade: Originally named Orient 43 Grade Cement, it was amongst the earliest successes of Orient Cement paving the way for the others to follow.
Orient Cement - Coming out of a 3 year BreakOrient Cement - Looks a successful break out of 3 year. If it stays above 124 for this month, it can be bought for a target of 220. SL can be below 100.
DISCL: Not a SEBI registered. I post charts for my own study.
A Cup and Handle continuation PatternStock is closing in a tight range near handle resistance with drying volume.
Orient Cement breaking resistance levelLooking solid, broke the resistance of 100. The next level is around 120.
