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time to buy...W pattern

Discussion in 'Technical Analysis' started by shwetagnema, Oct 4, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    Time to buy it???? ....... W pattern. target 264, sl 225
     
    shwetagnema, Oct 4, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Don't see a W but distorted higher top higher bottom kind of thing.
     
    shabbir, Oct 4, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Time to book profit if any one is holding, also wanna add 1 thing cmp is 247 and u r targeting for 264 means only 17 points and ready to take stop loss @ 225 means 22 points.
    Just think once again r u following right strategies ?
     
    sanjay_sansanwal, Oct 4, 2013
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  4. shwetagnema

    shwetagnema Active Member

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    hi sanjay, I said buy for this stock when it crossed its' previous up of 244 and sl on the basis of its' low at 225. target 263 because it next up is at 263. Yes, if it breaksout, it can go up to 276. now what do you say about this understanding?
     
    shwetagnema, Oct 7, 2013
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    today it is 2% up and cmp is 253.60 so now timing as well as price is not ok and about crossing seems not good cause it has to cross 270 level for more up side and if manage to cross then target should 290-295 not 276.
    Anyways its better to sit quite compare to loose little or more.
     
    sanjay_sansanwal, Oct 7, 2013
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