sabu_m

3rd wave in Orient Electric expected target 350

NSE:ORIENTELEC   ORIENT ELECTRIC LTD
This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over.
It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress.
Also seeing a rounding bottom.
Initial Target is 300 and then 350 - Lets see how it progresses... I expect the 3rd wave to continue to 350 levels, provided it breaks out of the 300 levels..


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