Oriental Carbon & Chemicals: Show me the money.

-Small bullish wedge formation.
-Stock price near key support.
-Rs.1000 mark is also a key psychological support that is holding up well.
-Slight divergence on RSI.
-Divergence on Stochastic.
-MACD at historic oversold levels suggests that the stock might be oversold.
-Divergence on MFI from oversold territory.
-Stock has a good history of bouncing whenever MFI was indicating oversold along with divergence.

Trade geschlossen: Ziel wurde erreicht:

Will wait for rest of the resistance zone.