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Discussion in 'Technical Analysis' started by balakumarn, Nov 26, 2012.

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  1. balakumarn

    balakumarn New Member

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    The chart looks good and it seems to have also attained a 52 week high. What do you think? Is buying at these levels expensive?
     
    balakumarn, Nov 26, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Looking good but the main thing which I noticed is in previous session it made a pin bar and today also it is negative side so I would prefer to wait and watch.

    Immediate stop is 615 according to high top high bottom.
     
    sanjay_sansanwal, Nov 26, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes very good chart. Possible Multibagger but yes pinbar is also in place and so wait for couple of trading sessions before taking long positions.
     
    shabbir, Nov 26, 2012
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  4. eldermanojjain

    eldermanojjain New Member

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    please give some more detail for pinbar.
    thank you
     
    eldermanojjain, Nov 26, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    shabbir, Nov 26, 2012
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  6. eldermanojjain

    eldermanojjain New Member

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    i think it it same as doji with just one difference that doji have o=c with long tail but pinbar has allmost o==h. is it?
    thank you
     
    eldermanojjain, Nov 26, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes it is quite similar to doji but with a difference. Doji would be an ideal pinbar
     
    shabbir, Nov 26, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    shabbir, Dec 10, 2012
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