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Discussion in 'Technical Analysis' started by sainath85, Apr 18, 2013.

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  1. sainath85

    sainath85 Member

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    sainath85, Apr 18, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes it looks weak but make sure you are not holding positions on the results day.
     
    shabbir, Apr 18, 2013
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  3. sainath85

    sainath85 Member

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    Shabbir, the results are above average but the stocks are down right now..I am not going to trade just doing paper trading
     
    sainath85, Apr 18, 2013
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  4. vishuhd1

    vishuhd1 Member

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    According to me, it has just started forming a lower top, lower bottom pattern and definitely a more downside is on the cards for sure.. May be you can wait for few more trading sessions to confirm the lower top, lower bottom and can short this counter..
     
    vishuhd1, Apr 18, 2013
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  5. sainath85

    sainath85 Member

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    thanks Vishwanatha
     
    sainath85, Apr 18, 2013
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  6. vishuhd1

    vishuhd1 Member

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    U R Welcome Sainath..
     
    vishuhd1, Apr 18, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Remember the telephonic conversation where I explained why good results make the stock go downward. Perfect pattern.
     
    shabbir, Apr 18, 2013
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  8. m_padmakumar

    m_padmakumar Member

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    Not always I feel. For results, there is an above and below expectation level. Rise or Fall depends on that. Look at the rise on Indus Ind bank and Yes bank after good results...

    Thanks
     
    m_padmakumar, Apr 18, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    True but if there is no runup to the results, then good results will get stock breakout but when there is runup to the results it will not and vice versa.
     
    shabbir, Apr 18, 2013
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