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L&T

Discussion in 'Technical Analysis' started by krasquinha, Jan 18, 2013.

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  1. krasquinha

    krasquinha Member

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    Hi Shabbir,

    Can i consider this as the valid M pattern. Can I go short on this stock ? Need your advise about this stock.

    Regards,
    Kiran
     

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    krasquinha, Jan 18, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes an M is formed and perfect candidate for shorting and your stop when shorting should be 1650
     
    shabbir, Jan 18, 2013
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  3. krasquinha

    krasquinha Member

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    Thanks Shabbir. Its a huge SL, what will be the target ? Is it around 1445 ? Please advise.
     
    krasquinha, Jan 18, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    No target would be huge as well which is 1300 but then it is very risky trade and if you are not sure make sure you just do paper trading in it.
     
    shabbir, Jan 18, 2013
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  5. krasquinha

    krasquinha Member

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    Thanks Shabbir. I will do paper trade. Thanks for your advise.


    Regards,
    Kiran
     
    krasquinha, Jan 18, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 19, 2013
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