Orient Bell Ltd – Stage 1 Stan Weinstein Setup in Progress with Breakout Signs

The stock has emerged from a multi-quarter base and is showing early signs of Stage 1 accumulation breakout as per Stan Weinstein’s model. Price is now trading above the 30-week SMA, accompanied by a strong bullish candle and volume surge. The long-term falling trendline has been tested, while price continues to trade inside a well-defined rectangular range. 📈 Momentum & RSI Check RSI is currently at 56, breaking above its own descending trendline, indicating an uptick in underlying strength. A key horizontal resistance exists at ₹349–₹350, which has historically capped rallies. Sustained strength above this zone may confirm a transition into Stage 2 (advancing phase). 🧩 Conclusion The price setup and momentum indicators suggest the stock is in a mature base-building phase, with a bullish bias developing. However, confirmation above ₹350 remains crucial. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)