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Manappuram Finance

Discussion in 'Technical Analysis' started by sainath85, Apr 15, 2013.

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  1. sainath85

    sainath85 Member

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    sainath85, Apr 15, 2013
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  2. vishuhd1

    vishuhd1 Member

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    It is in a very bad downtrend and it has broken all the major resistance levels and trading at a all time low of Rs. 17.4.... More downside is definitely on cards for this share.. Its best avoided for going long.. You can infact go short on this stock and make some money..
     
    vishuhd1, Apr 15, 2013
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  3. srspriya06

    srspriya06 Active Member

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    It is a Breakdown and not Breakout. Chart is moving downside.
     
    srspriya06, Apr 15, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Perfect breakdown
     
    shabbir, Apr 15, 2013
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  5. sainath85

    sainath85 Member

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    Oh My bad..got cont confused with two terms. Yes its perfect breakdown, is it a good time to Short?
     
    sainath85, Apr 16, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    No. Short only in spikes
     
    shabbir, Apr 16, 2013
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