Orient Bell has spent roughly 3 years (mid-2022 to early 2025) inside a well-defined descending wedge — a classically bullish compression pattern after a steep corrective decline from ~750 highs.
What's changed: Price is now breaking above the upper trendline of the wedge with expanding volume and weekly momentum turning. This week's +9% candle is the clearest structural confirmation since the downtrend began.
Targets:
T1: ₹488.95 (prior consolidation zone + wedge measured move)
T2: ₹599.90 (pre-breakdown supply zone)
T3: ₹700 (prior cycle highs)
Invalidation: Weekly close back below ₹250–240 (back inside the wedge) negates the breakout thesis.
Fundamental context: Orient Bell operates in the tiles segment, a cyclical play on real estate and housing demand. Kajaria Ceramics posted a good set of Q4FY26 results breaking a 4-quarter streak of volume stagnation, Mr. Ashok Kajaria mentioned that they saw recovery in demand and expect it to continue this financial year. Many players in Morbi have shut down operations due to high gas prices, labor issues and poor cash flows. He mentioned this would be beneficial for branded tile companies with multiple plant location. Orient Bell should also benefit from this tailwind, valuation is also dirt cheap as it's trading at 0.6x Mcap to Sales.
This is a technical setup note. Not investment advice. Do your own due diligence.
What's changed: Price is now breaking above the upper trendline of the wedge with expanding volume and weekly momentum turning. This week's +9% candle is the clearest structural confirmation since the downtrend began.
Targets:
T1: ₹488.95 (prior consolidation zone + wedge measured move)
T2: ₹599.90 (pre-breakdown supply zone)
T3: ₹700 (prior cycle highs)
Invalidation: Weekly close back below ₹250–240 (back inside the wedge) negates the breakout thesis.
Fundamental context: Orient Bell operates in the tiles segment, a cyclical play on real estate and housing demand. Kajaria Ceramics posted a good set of Q4FY26 results breaking a 4-quarter streak of volume stagnation, Mr. Ashok Kajaria mentioned that they saw recovery in demand and expect it to continue this financial year. Many players in Morbi have shut down operations due to high gas prices, labor issues and poor cash flows. He mentioned this would be beneficial for branded tile companies with multiple plant location. Orient Bell should also benefit from this tailwind, valuation is also dirt cheap as it's trading at 0.6x Mcap to Sales.
This is a technical setup note. Not investment advice. Do your own due diligence.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.