HomeLatest PostsOrissa Minerals Development  - 20%+ Profit potential | Swing trading idea

Orissa Minerals Development  – 20%+ Profit potential | Swing trading idea

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Hi all, this is a swing trading idea for Orissa Minerals Development Company Ltd. (Symbol = ORISSAMINE). The stock seems to be forming a double bottom pattern on the daily and weekly time frames.

Orissa Minerals

Orissa Minerals Development: Key highlights

– Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
– Do not trade in between the levels, always trade level-to-level.
– Double Bottom pattern
– Using the measurement objective, the upside target of the double bottom lies somewhere near 3675.
Demand zone: 2770-2900
Strong support: 2700

Update:

The stock achieved the target objective of 20% on 27 April.

Important links:

Important links:

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Rajat Kumar Singhhttps://tradingwick.in
Hi, my name is Rajat and I have an immense love for charts. I hold a Bachelor’s in Engineering in IT and am currently working as the community manager (India) for TradingView. Join me in my journey to become a better trader! ❤️

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