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hul again

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Dec 20, 2012.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    hul could be a good bet @ cmp 527 with stop of 507 for target of 547-577-600
     
    sanjay_sansanwal, Dec 20, 2012
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  2. krasquinha

    krasquinha Member

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    but it is still in downtrend right ? Please let me know the trick here.
     
    krasquinha, Dec 20, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Who said that?

    It was in long term uptrend and now it is consolidating in range of 510-550 where 510 is strong support for hul tested around 4 times and on other hand 550 is strong resistance from almost 3 months so according to me call could be initiate @ the level.

    Definition of downtrend in simple word is low top low bottom so u can't say it is in downtrend.
     
    sanjay_sansanwal, Dec 20, 2012
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  4. krasquinha

    krasquinha Member

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    Thanks for the info. I did not notice that . i was referring 3 months chart.

    Thanks
    Kiran
     
    krasquinha, Dec 20, 2012
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