Optiemus India Soon Will be 1000 Rs!Optiemus India will going to hit 1000 Rs, in this script shwoing bulish momentum in this choppy market, it will so0n going upto 1000 Rs in 1 to 2 month
OPTIEMUS trade ideas
OPTIEMUS cmp 394.stock consolidating from two year.and near all time high also.study weekly chart. analyse risk reward.
OPTIEMUS - Expanding upsideOPTIEMUS closed above previous ATH with huge volume.
Another contender to expand its territory.
Optiemus Infracom Long7 year breakout with good volume. looks good to hit the first Tp and then proceed to go much much higher. need patience though for the final tp.
Power of #3Good volume buildup in daily and weekly timeframe.
Breakout of #3 ( ATH with successful retest on trend line with good volume).
Assumption:➡️ If market momentum continue than still can give good move as ⤵️
Fundamental are OK.
NOTE: I do my analysis, do yours before trade.
OPTIEMUS BIG BREAKOUTBig breakout in optiemus, keep the stoploss at 293 and buy on every dip for the target of 400
and currently stock is trading at pe of 52, bit overvalued so do not hold for longer period
Optiemus Infracom Ltd.*Optiemus Infracom Ltd.*
C&H Formation on Yearly Basis *Underway*.
Sharp Spike in Volumes. Continued BuiltUp to be Watched.
Strong Resistance @385.
Need 42% Upside to Cross Yrly C&H Price Trendline.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Optiemus (1995); Engaged in Distribution of Mobile handsets - Nokia, Samsung, HTC.
Presence: 27 Regional branches,650 Distributors ~10,000 retail partners, ~700 service centres.
Has Mfg. capacity: 1.5 Mn handsets p.a. / 0.5 Mn tempered glass units p.m.
In Aug'21, New alliance with Wistron Infocomm Manufacturing (India) under Subsidiary: To invest ~Rs.1,350 Crs to manufacture mobile devices, IT hardware and Automotive-EV products.
Subsidiary selected under PLI scheme.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😊
Optimeus - Bullish cup formation observed.Optimeus
CMP 293.
Weekly chart.
Cup formation observed post a long pole.
Buy above 305 to ensure a convincing breakout.
Stop 220.
Target 390 plus.
VALID ONLY ABOVE 305.
