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TATA Global Bevarages

Discussion in 'Technical Analysis' started by sujan4bw, Aug 1, 2012.

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  1. madhusudhanps

    madhusudhanps Member

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    The stock has also closed on its all time high on 28 Sep. Uptrend might continue with news of "Tata Starbucks to open first cafe in Mumbai by October-end"
     
  2. madhusudhanps

    madhusudhanps Member

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    Tata global is rocking. Somebody buying like anything Today volume already crossed 53L 12:20. Closed half positions in option for 21K profit. Thanks Sujan for your suggestion
     
  3. madhusudhanps

    madhusudhanps Member

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    Closed remaining positions also for total of 50K profit in 1 trading day.
    Thanks Sujan for your recommendation. Now I got confident that Technical analysis will pay and we dont need to rely on any so called market experts for recommendations.
    Thanks Shabbir for starting this.
     
  4. shabbir

    shabbir Administrator Staff Member

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    Great going and when I shared such trades publicly, people thought I was just boosting my numbers to sale my ebook - http://shabbir.in/50000-trade/

    But I knew this is possible and Sujan made 40k the other day and now you made 50k as well.

    So now I can say it is not only me but my readers as well. On top of that it is not only few members and everyone who wants to learn can.
     
  5. sujan4bw

    sujan4bw Member

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    Congrats buddy and repeat the same. Give me your face book ID...will add you.

    How many Lots did you buy ?

    So when is the party ;)
     
  6. ilyasmohammed1

    ilyasmohammed1 Member

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    Really superb!!..Congrats Madhu.
     
  7. madhusudhanps

    madhusudhanps Member

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    Thanks Sujan. Sorry I dont use facebook.
    I bought 10 lots of 150CE at 5.5 and sold at 8(avg)

    Is there any chance of further ride on this. I guess some bulk buys happened today as total volume on NSE traded today is 96L and someday they have to dump this back.
     
  8. sujan4bw

    sujan4bw Member

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    Wait and see if there is profit booking. Regarding volumes yes it is almost 3 times more today.
     
  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Good one, about technical it works most of the times and depends how u read that.
    Keep it up.

    Also read this it can help u.
    http://diytechnicalanalysis.com/members/showthread.php?t=473
     
  10. sujan4bw

    sujan4bw Member

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    Shabbir, today Stock closed at 151.9. It is profit booking only right ?
     
  11. shabbir

    shabbir Administrator Staff Member

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    May be may be not. The reason does not matter and price is what matter more?
     
  12. sujan4bw

    sujan4bw Member

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    Thought of going long .....will wait till it corsses 157 above.
     
  13. shabbir

    shabbir Administrator Staff Member

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    Big up swings should be followed by consolidation forming flags. Wait for that and then can enter based on what charts tell.
     
  14. sujan4bw

    sujan4bw Member

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    Thx Shabbir
     
  15. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
  16. sujan4bw

    sujan4bw Member

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    Bull Flag pattern has formed in Tata Global. Break out above Flag would easily touch 170.

    Same pattern I mentioned In exide when it was trading at 145. Breakout above flag had reached 156.

    Attached both the chart.
     

    Attached Files:

  17. sujan4bw

    sujan4bw Member

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    Made a very good profit today in Tata global.
     
  18. aveerareddy9

    aveerareddy9 New Member

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    Sujan can we take position today .........
     
  19. sujan4bw

    sujan4bw Member

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    Don't take position today.....people might square off thr positions tomorrow.

    Watch it closely and take position on monday if it opens above Friday's close.
     
  20. aveerareddy9

    aveerareddy9 New Member

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    cool... thanks for your reply and u analysis is too good ........