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Bear Flag - Crompton Greaves

Discussion in 'Technical Analysis' started by drsuraimardi, Sep 3, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir
    Please see this chart and tell me whether I have drawn bear flag correctly ?
     

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    drsuraimardi, Sep 3, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes you have drawn that correctly but then 100 is a good support which cracked means really really weak stock.
     
    shabbir, Sep 3, 2012
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  3. verenmitter2001

    verenmitter2001 Member

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    Crompton looks good at present level of 123
    support at 115 and resistance at 132
    whats you view as it is capital intensive industry??

    Regards
    Veren
     
    verenmitter2001, Jan 9, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    115 is not support but ideally 110
     
    shabbir, Jan 9, 2013
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  5. krasquinha

    krasquinha Member

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    Hi Shabbir,

    Crompton formed W pattern with good volume on 3rd Jan , but why it did not move up. Please let know your view.

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

    shabbir Administrator Staff Member

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    A Fakey break out above 120
     
    shabbir, Jan 19, 2013
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  7. praveenbkec

    praveenbkec Member

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    Please elaborate, why it is Fakey?
     
    praveenbkec, Jan 19, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Because it did not last long. SL will be at your saving
     
    shabbir, Jan 19, 2013
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  9. praveenbkec

    praveenbkec Member

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    thanks shabbir
     
    praveenbkec, Jan 20, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 21, 2013
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  11. shwetagnema

    shwetagnema Active Member

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    if i am not wrong, this stock is now making M pattern
     
    shwetagnema, Jan 21, 2013
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  12. krasquinha

    krasquinha Member

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    I dont see any M pattern formation. Please comment.
     
    krasquinha, Jan 21, 2013
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