Orissa Minerals Development Company Ltd
Cup & Handle Pattern: Monthly Basis
Price BreakOut Needed / Vol. BreakOut (Further Consolidation Needed)
*Near Multi Year Trendline BreakOut* If broken, huge Upside Possible!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Weak Company*
Operates six Iron Ore and Manganese Ore mining leases.
Higher Commodities Prices/Infra Push / GeoPolitics - Positive Factors.
*Concern:*
Poor Financials. High Leverage. Loss Making.
*Highly Risky*
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
Cup & Handle Pattern: Monthly Basis
Price BreakOut Needed / Vol. BreakOut (Further Consolidation Needed)
*Near Multi Year Trendline BreakOut* If broken, huge Upside Possible!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Weak Company*
Operates six Iron Ore and Manganese Ore mining leases.
Higher Commodities Prices/Infra Push / GeoPolitics - Positive Factors.
*Concern:*
Poor Financials. High Leverage. Loss Making.
*Highly Risky*
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)