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Discussion in 'Technical Analysis' started by ajaysinghchand, Dec 28, 2012.

  1. ajaysinghchand

    ajaysinghchand New Member

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    though the chart doesnt look very promising, but it has come out of the trading range after a long time

    dear shabbir, should this stock be considered for a buy at current levels of 292 with a sl of 275

    if not why not as good as other candidates eg cipla
     
    ajaysinghchand, Dec 28, 2012
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  2. ajaysinghchand

    ajaysinghchand New Member

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    sorry the chart

    !
     

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    ajaysinghchand, Dec 28, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes stock really looks good and there has been a W at around 245 as well as multiple bounces from that 240is levels. Clearly a breakout
     
    shabbir, Dec 29, 2012
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  4. find_honey008

    find_honey008 New Member

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    it is very good and it is hold for 320 target
     
    find_honey008, Jan 1, 2013
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  5. kksudin

    kksudin New Member

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    I am holding Jan Fut at 296
     
    kksudin, Jan 2, 2013
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  6. m_padmakumar

    m_padmakumar Member

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    W plus breakout. Can be purchased at CMP (234) with SL 216.

    Thanks
     
    m_padmakumar, Apr 25, 2013
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  7. vishuhd1

    vishuhd1 Member

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    W is certainly ON.. But I would wait for couple more trading session to close above 235 to confirm this.. Just to be cautious about three successive red candles..
     
    vishuhd1, Apr 25, 2013
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  8. sainath85

    sainath85 Member

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    wait..dont buy yet
     
    sainath85, Apr 26, 2013
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