Category: Philosophy

An investment philosophy is a coherent way of thinking about markets, how they work to put into practice. It’s a set of core beliefs that you can go back in order to generate new strategies to make it work. The investment philosophy of Investor Desk begins from the perspective that our clients are seeking a relationship which focuses on their short- and long-term goals via the provision of a strategic wealth management plan, coupled with a transparent, flexible and nimble investment solution. Investor Desk embraces a holistic view of a client’s business and personal circumstances and seeks to meet their goals and objectives through best of breed technology and financial products, delivered via a client centric relationshipand service. In the absence of a well-considered strategic wealth management plan, we believe there is less capacity to define an appropriate level of portfolio risk. We believe that asset allocation, and genuine portfolio diversifications are the key drivers of portfolio risk, and that high transparency and liquidity are important for navigating volatile market conditions.

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Orissa Minerals and Development Co. – Breaks Through Its Strong Long Time Resistance and is Ready for a Fresh Upside Move

Statistics chart on laptop display and trader analyzing the data

Daily Candlestick Chart

Source: Tradingview

Technical Rationale

  • The stock of Orissa Minerals and Development Co opened the day’s trading session strongly at INR ₹2789, after which the stock made a high of INR ₹2987. The stock also made a low of INR ₹2770 for the day.
  • The stock has been gaining continuously in back-to-back trading sessions with a substantial increase in the volume. The Volume of the stock for the day is 43.625K. The stock seems to be in a price and volume breakout. The stock has formed a strong bullish candle on the daily charts indicating a huge buying interest in the stock and a further upside for the stock.
  • As we can see, after a long consolidation phase the stock has strongly broken above the its long-time resistance at INR ₹2750. The stock now seems to be ready for fresh upside movement.
  • The stock with its successive bullish candle formation has completely covered the previous consolidation phase and also has broken above its 10 Day and 20 Day Moving Averages, indicating a further upside movement for the stock.
  • The MACD of the stock also indicates a bullish crossover for the stock. The Relative Strength of Index of the stock is currently valued at 69 which is on the higher side and it indicates that the stock is gradually moving towards its overbought zone. The length of the RSI is 14 periods. Altogether the stock still has some upside potential left which can last for 4-7 days.
  • General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.