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Breakout

Discussion in 'Technical Analysis' started by praveenbkec, Oct 14, 2013.

  1. praveenbkec

    praveenbkec Member

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    Hi All,

    Wipro is breakout its 52 wk high (CMP 500+), can we enter this script for target of 530, SL : 485 ?
     
    praveenbkec, Oct 14, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes but do take into consideration the results day as well and on that day wild moves are possible.
     
    shabbir, Oct 15, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Exactly should not trade in script which is in news.
     
    sanjay_sansanwal, Oct 17, 2013
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  4. praveenbkec

    praveenbkec Member

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    ya... i was stopped entering to it.
    thanks shabbir and sanjay.
     
    praveenbkec, Oct 17, 2013
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    shabbir likes this.
  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    My pleasure.
     
    sanjay_sansanwal, Oct 17, 2013
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  6. raj_samant2002

    raj_samant2002 New Member

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    Good intervention . One has to consider rupees movement also before entering IT stocks.
     
    raj_samant2002, Nov 1, 2013
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  7. csnatu

    csnatu New Member

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    ya, I agree with raj. Do not see only breakout.
     
    csnatu, Nov 1, 2013
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