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Tatasteel

Discussion in 'Technical Analysis' started by tushant02_shah, Oct 4, 2012.

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  1. tushant02_shah

    tushant02_shah New Member

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    TATASTEEL has crossed above all the moving averages and made a high of Rs.414.50

    Also it seems that there will be a new breakout above 419.

    So can I buy @ CMP or wait for crossing 420./

    Give Comments.......
     

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    tushant02_shah, Oct 4, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't see any breakout
     
    shabbir, Oct 4, 2012
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  3. drsuraimardi

    drsuraimardi New Member

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    Inverted head and shoulder

    Tata steel is forming inverted head and shoulder pattern .Wait for the breakout to happen
     

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    drsuraimardi, Oct 8, 2012
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  4. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir ! Yesterday it has broke out of the inverted head and shoulder .Your opinion please.
     
    drsuraimardi, Oct 12, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    That does not mean its time to go long on this stock
     
    shabbir, Oct 12, 2012
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  6. drsuraimardi

    drsuraimardi New Member

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    Shabbir can you please explain how much time one has to wait and when to enter in this stock...?
     
    drsuraimardi, Oct 12, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Wait can be lifelong and so unless it forms a pattern (W's, Break Out, ...) where I am comfortable.
     
    shabbir, Oct 12, 2012
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  8. naveen1241

    naveen1241 Responder

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    Hi all,

    I hold 120 shares of Tata Steel @ 444 average price. What would be the strategy if you were in my shoe considering the Technicals. I would like to view different perspectives.

    Thanks
    Naveen
     
    naveen1241, Oct 15, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    I would wait to reduce the loss as much as I can because 444 is very likely now but then my stop would be 410
     
    shabbir, Oct 15, 2012
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