HomePrice Action TradingOrissa Minerals Development  - 20%+ Profit potential | Swing trading idea

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

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


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

Important links:

Important links:

Rajat Kumar Singh
An engineer turned trader who is passionate about creating clean and insightful charts. Rajat works as a Community Manager at TradingView, a popular charting platform with over 50 Million active users. He started this blog with the aim to educate fellow traders offering them valuable insights on different aspects of trading. Join him in his journey to becoming a better trader! ❤️

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