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m&m

Discussion in 'Technical Analysis' started by shwetagnema, Jan 7, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    hi shabbir....looking at the charts of m&m, can we say that it is making a W pattern and then there is a possiblity of break out in this stock[​IMG]
     
    shwetagnema, Jan 7, 2013
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  2. shwetagnema

    shwetagnema Active Member

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    shwetagnema, Jan 7, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    There are couple of M&M and I am referring to Mahindra & Mahindra Ltd and not Mahindra & Mahindra Finance. Yes W is in place in Mahindra & Mahindra Ltd
     
    shabbir, Jan 7, 2013
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  4. shwetagnema

    shwetagnema Active Member

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    yes i meant mahindra and mahindra ltd.....thanks
     
    shwetagnema, Jan 8, 2013
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  5. shwetagnema

    shwetagnema Active Member

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    hi shabbir....mahindra &mahindra ltd. had been trading in the range from a long time between 972-920. today it has gone down to 917. also it has gone down to lower bollinger band also. is it an exit signal....or should i wait for the stop loss(880) to come?
     
    shwetagnema, Jan 16, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    If your stop loss was not 920 then I would suggest wait for some major levels to crack like 900 or something. Why your stop loss was 880?
     
    shabbir, Jan 16, 2013
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  7. shwetagnema

    shwetagnema Active Member

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    i'm sorry.....wrongly typed....stop loss was 900 only
     
    shwetagnema, Jan 16, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Then you should wait for your SL to hit.
     
    shabbir, Jan 16, 2013
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  9. shwetagnema

    shwetagnema Active Member

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    thanks shabbir
     
    shwetagnema, Jan 17, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 17, 2013
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  11. tarak_desai

    tarak_desai New Member

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    tarak_desai, Feb 14, 2013
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  12. shabbir

    shabbir Administrator Staff Member

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    Perfect levels
     
    shabbir, Feb 14, 2013
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