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Discussion in 'Introductions' started by srspriya06, Jan 4, 2013.

  1. srspriya06

    srspriya06 Active Member

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    Hi Shabbir

    Is ITC in downtrend????
    1. using SMA & Bollinger Bands Still its in Uptrend....50 DMA is above 200 DMA....But candles touch the lower band... 2.Also It shows Lower Top but not Lower Bottom.
    Now wat i have to do...Do I want to quit this share...??


    Thanks,

    Priya
     
    Last edited: Jan 4, 2013
    srspriya06, Jan 4, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    You should have a stop of 280 and if that is cracked, uptrend would be doubtful
     
    shabbir, Jan 4, 2013
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  3. srspriya06

    srspriya06 Active Member

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    Thank u shabbir
     
    srspriya06, Jan 4, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 4, 2013
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    According to me it is still in uptrend till above 272.50 and profit booking is on process, so better to put stop loss @ 272.50 before it was good resistance and now it will be good support even I am just planing to enter if got any reversal signal.
     
    sanjay_sansanwal, Jan 4, 2013
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