Orient Electric Ltd Trend Analysis

A small cap company with better fundamentals than its peers.

Expecting a potential double bottom with bullish divergence in RSI, trendline support and golden FIB zone to act as strong reversal zone.

Good to accumulate around 230-245 levels for the following targets:

Short term swing target @ 343 (43% ROI with 2.94 R:R)

Medium term swing target @ 465 (93.75% ROI with 6.43 R:R)

Medium term positional target @ 570 (137.5% ROI with 9.43 R:R)

Stop loss @ 205 (Not recommended)

Kindly do your own due diligence before taking any action.

Peace!!