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Discussion in 'Technical Analysis' started by shwetagnema, Jan 25, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    buying at CMP, with target 725 and SL 645....what's ur view?
     
    shwetagnema, Jan 25, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Avoid as it would touch the support and then buy in the leg up and not now.
     
    shabbir, Jan 25, 2013
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  3. praveenbkec

    praveenbkec Member

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    can we enter for this ? leg up from last 2 trading sessions
    cmp: 707, Target: 740, SL: 690

    Please share ur views.
     
    praveenbkec, Feb 13, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    No because this is just pull back after cracking support of 660.

    So I would not play for anticipated breakout.
     
    shabbir, Feb 13, 2013
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  5. praveenbkec

    praveenbkec Member

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    Can we expect a breakout above 718?, which is 52wk high...
    enter @720, Target of 745/ 760 , SL : 660

    Please share ur opinions
     
    praveenbkec, Feb 20, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Perfect levels but 660 is almost 60 Rs down and with a target of 25 Rs, does not make good risk reward ratio
     
    shabbir, Feb 20, 2013
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  7. praveenbkec

    praveenbkec Member

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    thanks for advice shabbir, i will change my SL : 695,
     
    praveenbkec, Feb 21, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    That was not the whole idea of my post. Make sure you don't change SL like that unless you see 695 as real support.

    It means if risk reward is not right, it is in no trade zone.
     
    shabbir, Feb 21, 2013
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