Technical View – Oriental
bank of commerce
Oriental
bank of commerce is finding support at 140 and resistance at 151. On hourly
chart, Oriental bank of commerce MACD & RSI both showing positive momentum which
indicates that upside side seems certain in it. Break and sustain above 151
will see nonstop rally in oriental bank of commerce till 158---164 and then 168++
in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks positive
and we expect rally to remain continue till 168+++mark in coming weeks. For
positional trade, stop loss seeing below 140 on closing basis which in unlikely
to breach in near terms.
Trading Recommendation
Buy Oriental bank of commerce above 151 for the initial upside target of 158—164 and then to 168++ mark with stop loss below 140 on closing basis.
More will update soon!!
