Just to give you a head start, it is important to know that we are bullish on the stock called as Orient Refractories Limited which is an ISO 9001 Quality Certified Company and is engaged in the business of manufacturing and selling Refractories and Monolithics. This division focuses on providing a wide range of products to meet the needs of the global iron and steel industry.
Have a look at the stock chart and you will be able to see that stock is forming a Cup and Handle formation and because of this aspect, we can see a breakout in the stock any time provided Nifty 50 remains in positive territory. The stock can target 330/345/375 in the medium term time frame.
As a disclosure, our clients are already long in this stock who are our short term stock tips advisory services subscribers.
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