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Exide India - symmetrical traingle

Discussion in 'Technical Analysis' started by sujan4bw, Aug 25, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Is Exide India forming symmetrical triangle formation ? Will it be indication of continuation of uptrend.

    I think entry point should be at 140.

    Please correct me If I'm Wrong.

    Regards
    Sujan
     

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    sujan4bw, Aug 25, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Entry or shorting point should be point when there is a break out or break down of the lines you have drawn.
     
    shabbir, Aug 25, 2012
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  3. sujan4bw

    sujan4bw Member

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    Thx shabbir.
     
    sujan4bw, Aug 25, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine Sujan.
     
    shabbir, Aug 25, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Hi Sujan,
    Last night I was watching exide chart and the same thing came in my mind but my entry point is 138.
     
    sanjay_sansanwal, Aug 25, 2012
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  6. sujan4bw

    sujan4bw Member

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    Sanjay, so we are on same page :)
     
    sujan4bw, Aug 25, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    yep, by symmetric triangle we can find out W break out in advance.
     
    sanjay_sansanwal, Aug 25, 2012
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  8. sujan4bw

    sujan4bw Member

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    Just took position in exide at 140
     
    sujan4bw, Sep 4, 2012
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  9. sujan4bw

    sujan4bw Member

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    Today high is 144.50 after breakout of 140 today.
     
    sujan4bw, Sep 4, 2012
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  10. tarak_desai

    tarak_desai New Member

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    In Exide, Sujan/Sanjay what was your stopp loss - 126-128 ?

    Thanks
     
    tarak_desai, Sep 4, 2012
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  11. sujan4bw

    sujan4bw Member

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    Stop loss - 132

    Shabbir and Sanjay share your views too on stop loss
     
    Last edited: Sep 4, 2012
    sujan4bw, Sep 4, 2012
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  12. tarak_desai

    tarak_desai New Member

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    Sujan, How you have arrived at this stop loss ?

    Thanks
     
    tarak_desai, Sep 4, 2012
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  13. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I am sorry I have not taken any position in exide cause I taken position in pidilite but if I would enter then my entry would be around 138.50-139 with stop loss of 127.50.
     
    sanjay_sansanwal, Sep 4, 2012
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  14. sachinmore08

    sachinmore08 New Member

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    Sanjay - on what basis you took position in pidilite..could you pls through some light ?
     
    sachinmore08, Sep 5, 2012
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  15. shabbir

    shabbir Administrator Staff Member

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    My would be 130 but I would not sell immediately at 130 and may watch closely the volumes things in between 130 and 125.
     
    shabbir, Sep 5, 2012
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  16. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    sanjay_sansanwal, Sep 5, 2012
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  17. sachinmore08

    sachinmore08 New Member

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    Hi Shabbir..I am not understanding how much volume is good volume for any stock ?? So you mean to say if stock price breaks above certain resistance level and at same time volumes should also break out from its average range then only buy the stock ? pls clarify. Thanks in advance...!!!
     
    sachinmore08, Sep 10, 2012
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  18. shabbir

    shabbir Administrator Staff Member

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    Increase in volume is needed. Nothing like good or bad volume.
     
    shabbir, Sep 10, 2012
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  19. sujan4bw

    sujan4bw Member

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    Shabbir, can you tell me what exactly is going on with Exide ?

    Side ways or consolidation......trend reversal ?
     
    sujan4bw, Sep 11, 2012
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  20. shabbir

    shabbir Administrator Staff Member

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    According to me the intermediate trend is up as long as the stock is above 140. Between 140 and 130, I will be watching the stock closely for volumes but sideways movement above 140 is really good for the stock.

    Seideways movement above 138 should be really good for the stock.
     
    shabbir, Sep 11, 2012
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