ORIENTELEC is making a long channel pattern moving up after taking support at lower trendline along with MACD rising. Buy at the current price of Rs.279 with the Target 1 of Rs. 385(40%) and breakout above Target 1 could lead to Target 2 at Rs. 510(80%) and stop loss at Rs.250(10%) on the closing basis below the support 1 of 255.
