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 :)
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