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Shasun Pharma

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 15, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Shasun Pharma is looking good making higher top higher bottom from Dec-Jan and has formed W and break out @ 132.6 and cut it previous high of 135.1 with good volume and closed @ 136.
    I think this could be a good buy @ cmp with stoploss of 120.
    It will rock after cutting it last high @ 141.4
     
    sanjay_sansanwal, Aug 15, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes stock is showing really good patterns. Nice pick
     
    shabbir, Aug 15, 2012
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  3. sujan4bw

    sujan4bw Member

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    Nice pick.
     
    sujan4bw, Aug 15, 2012
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  4. m_padmakumar

    m_padmakumar Member

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    Can we buy at CMP 163 for a target of 185?

    Thanks
     
    m_padmakumar, Sep 20, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Not really because it is showing weakness. Should become steady on some support levels.
     
    shabbir, Sep 20, 2012
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  6. m_padmakumar

    m_padmakumar Member

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    Does the chart shows consolidation around 160-163? Today volume also increased.

    Thanks
     
    m_padmakumar, Sep 25, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes but let that consolidation go on and wait for a break out or break down. Entering now would mean long long wait for you on either side and this long wait can lead to some wrong decisions
     
    shabbir, Sep 25, 2012
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