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mcleod russel india ltd.

Discussion in 'Technical Analysis' started by shwetagnema, Jan 8, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    isn't Mcleod Russel India making a triangle pattern and on the verge of breakout.
     
    shwetagnema, Jan 8, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes and 370 is looking really good levels to get into it.
     
    shabbir, Jan 8, 2013
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  3. paulmathewmac

    paulmathewmac New Member

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    I'm afraid it made a break out to the downside today at 350. Iwas kind of expecting it because the Macd line had crossed to the downside on 13 Dec. 2012, and kept on the down side. (True, both Macd lines are yet to cross down the zero line, yet, but they are pretty close to the zero line.) And today, the Parabolic SAR has given a short signal with the Slow Stochastics, RSI and ROC looking downward. So I should think, it is a break out to the downside.
     
    paulmathewmac, Jan 14, 2013
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  4. krasquinha

    krasquinha Member

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    if it breaks down then we can short TG1 324 , TG2 310 , TG3 297 ... ST 350 .. Please comment.
     
    krasquinha, Jan 15, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    I will not prefer shorting a long uptrend stock just because one support is cracked. Yes I would not go long now but shorting not as of now.
     
    shabbir, Jan 15, 2013
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