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A few good charts please

Discussion in 'Technical Analysis' started by naveen1241, Mar 20, 2014.

  1. naveen1241

    naveen1241 Responder

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    Please share a few good charts which members herein are watching.

    Thanks
    Naveen
     
  2. shabbir

    shabbir Administrator Staff Member

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    Asian Paints, Lupin
     
  3. naveen1241

    naveen1241 Responder

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    Thanks Shabbir.

    What about entry exit points and levels to watch ?

    Regards,
    Naveen
     
  4. shabbir

    shabbir Administrator Staff Member

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    That is something that I expect from you.
     
  5. srspriya06

    srspriya06 Active Member

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    Lupin- buy @cmp , Target-1020, sl-925.

    Asian Paints-Buy@cmp, Target- 560 ,sl-494
     
  6. shabbir

    shabbir Administrator Staff Member

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    No I would not buy @ CMP because they have red candles. I would prefer waiting but yes SL is spot on.
     
  7. hirenrachh

    hirenrachh Member

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    Asian paint i understood but for lupin tgt 1020 i could not understand
    Can u help me priya or shabbir....?
    Regards
    Hiren
     
  8. hirenrachh

    hirenrachh Member

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    Also for lupin weekly charts shows 936 a better resistance/support....m i correct to mention this...shabbir?
     
  9. naveen1241

    naveen1241 Responder

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    Hi Hiren,

    I think trend lines could answer your query.

    Thanks
    Naveen
     
  10. naveen1241

    naveen1241 Responder

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    As per me, 920 is the perfect level and 936 by no means. Beware, you get thrown out of the trade unnecessarily, without any trend change or whatsoever, if the SL is so inappropriate.

    I'm also looking forward to views from our experts - Shabbir & Priya.

    Thanks
    Naveen
     
  11. shabbir

    shabbir Administrator Staff Member

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    I am not suggesting 1020 as target but it could be based on SL I guess.
     
  12. srspriya06

    srspriya06 Active Member

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    Lupin Ltd:

    I think a pattern is going to form. Lets wait for two or three sessions. Target could be 1004 because there is no resistance found.
     
    shabbir likes this.
  13. srspriya06

    srspriya06 Active Member

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    Hi Hiren, I calculated 1020 based on the stop loss. You read Shabbir's book. u can understand. Target should be 1.5 times the stop loss.

    I think target could be around 1004 . This i said by using previous high.

    LUPIN_Daily_26-03-2014.jpg
     
    Last edited: Mar 26, 2014
  14. srspriya06

    srspriya06 Active Member

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    Hi Naveen ,
    Thank You for calling me as an Expert. But i'm not an expert. Im learning like you from Shabbir's Book :)
     
  15. naveen1241

    naveen1241 Responder

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    Hi Priya,

    I had found many of your analysis to be very good and hence started reading your posts and checking the charts myself when you suggest something in our forum.
    I didn't find you going wrong anywhere. If I find something absurd in my view I wont categorize you as an Expert again.

    Thanks
    Naveen
     
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  16. naveen1241

    naveen1241 Responder

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    Any interesting charts to watch for today ?

    Thanks
    Naveen
     
  17. shabbir

    shabbir Administrator Staff Member

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    Nifty getting stronger and stronger with no corrections makes me feel like taking a break for a month now.
     
  18. masihpatel

    masihpatel Active Member

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    Hi Shabbir, are you going to wait for the elections to get over or stock prices are overvalued?
     
  19. shabbir

    shabbir Administrator Staff Member

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    Not stock prices but Market as a whole. Yes I prefer keeping money in side lines and closing down the terminals every now and then.
     
  20. naveen1241

    naveen1241 Responder

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    Hi Shabbir,

    You mean to keep trailing SL for holdings or exit out ?

    Thanks
    Naveen