Buy Orchid Chemicals for target of Rs 220-227: Religare
Birendrakumar Singh, technical analyst, Religare Securities is of the view that Orchid Chemical on the weekly chart has given a breakout of the “Triangle” pattern. He expects the stock to touch target of Rs 220-227.
By ET Bureau |
MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that Orchid Chemical on the weekly chart has given a breakout of the “Triangle” pattern. He expects the stock to touch target of Rs 220-227.
“Orchid Chemical on the weekly chart has given a breakout of the “Triangle” pattern. The volume at the time of breakout was comparatively higher. At the higher levels it is expected to move up to Rs.220-227 levels,” Singh said.
Note: The call is valid for 2-3 weeks.
“Orchid Chemical on the weekly chart has given a breakout of the “Triangle” pattern. The volume at the time of breakout was comparatively higher. At the higher levels it is expected to move up to Rs.220-227 levels,” Singh said.
Note: The call is valid for 2-3 weeks.
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