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Adani Ports

Discussion in 'Technical Analysis' started by tushant02_shah, Oct 22, 2012.

  1. tushant02_shah

    tushant02_shah New Member

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    Hi EveryOne

    CAN ADANI PORT be considered good above 132.50 as it had created a perfect V pattern and also new BREAKOUT above 132.50 with a Stop Loss of Rs.120.15

    Plz Share Views......
     

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    tushant02_shah, Oct 22, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect levels but it not perfect V but a W.
     
    shabbir, Oct 22, 2012
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  3. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Is it actually a perfect W as the second bottom is lower then first?
    Please comment and what do you suggest on trading in this stock?

    Regards
    Veren
     
    verenmitter2001, Oct 24, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Perfect W means second leg should not be lower than the first.
     
    shabbir, Oct 25, 2012
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  5. verenmitter2001

    verenmitter2001 Member

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    Yes thats the reason i asked you again as you wrote its is perfect w in yor first reply , whereas I was confused. Any ways it is not a perfect W but whats your call on it?
     
    verenmitter2001, Oct 25, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Until it breaks out. NO CALL.
     
    shabbir, Oct 25, 2012
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