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Tube investment

Discussion in 'Technical Analysis' started by krasquinha, Jan 31, 2013.

  1. krasquinha

    krasquinha Member

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    Hi Shabbir,

    This stock has formed a flag pattern with good volume . Is it the right time to enter into this stock ? Target 240 ST 190 .. Please comment..

    Regards,
    Kiran
     

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    krasquinha, Jan 31, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No. I would wait for few more candles.
     
    shabbir, Jan 31, 2013
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  3. krasquinha

    krasquinha Member

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    Thanks Shabbir for your advise. ...
     
    krasquinha, Jan 31, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 31, 2013
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  5. yankeedin

    yankeedin Responder

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    But i feel, it can be bought with sl of 187-190. Let's see.
     
    yankeedin, Jan 31, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Perfectly fine and wait would confirm the support is held or not.
     
    shabbir, Jan 31, 2013
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  7. vishuhd1

    vishuhd1 Member

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    I could see that the 10 day SMA is well below 21 day SMA since sometime now.. So, you might want to wait until you see a positive breakout or for some more consolidation candels..
     
    vishuhd1, Jan 31, 2013
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