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Asian paints

Discussion in 'Technical Analysis' started by verenmitter2001, Jun 27, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi
    asian paints made a reversal candle stick on 25 june.
    Kindly comment.

    Regards
    veren
     
    verenmitter2001, Jun 27, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes and perfect time to go long in this stock but with a strict stop loss.
     
    shabbir, Jun 27, 2013
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  3. verenmitter2001

    verenmitter2001 Member

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    What should be the stop loss for this.
     
    verenmitter2001, Jun 28, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    4300
     
    shabbir, Jun 28, 2013
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  5. shankarpatil

    shankarpatil New Member

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    W pattern

    Looking at 6 month chart, the second leg of W is below than the first leg; 20 day EMA is below 50 day. Should'nt we wait for the price to break above middle leg (4600)
     
    shankarpatil, Jul 2, 2013
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  6. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    What's your view on Asian paints now.
    Is this stock consolidation at this level or will move
    It is not showing much movement in past few days.

    Regards
    Veren
     
    verenmitter2001, Dec 6, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    I will keep an eye on this stock but not invest now. May be a slow move towards 520 and then I may be interested.
     
    shabbir, Dec 6, 2013
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