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south indian bank

Discussion in 'Technical Analysis' started by myidgmc, Sep 26, 2015.

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  1. myidgmc

    myidgmc Member

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    hi shabbir,

    formed W pattern.
    can we buy @23.50 sl 21.

    Thanks in advance
     

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    myidgmc, Sep 26, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes good consolidation so you have couple of choices. Buy at breakout or buy now with an anticipated breakout. In both cases, make sure your stop losses are very strict
     
    shabbir, Sep 27, 2015
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  3. myidgmc

    myidgmc Member

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    hmm..so this one is not W pattern..
    Can you tell me at what price point is break out for this stock?

    I see Bollinger break out in the chart.

    Thanks in advance...
     
    myidgmc, Sep 29, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    It is a mini higher top higher bottom formation after the long red tick
     
    shabbir, Sep 29, 2015
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