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Discussion in 'Technical Analysis' started by kajaria, Dec 18, 2013.

  1. kajaria

    kajaria New Member

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    Hi Shabbir , pl advice its ideal to enter Sun Pharma at between 565 to 575 for a six months timeframe .... now what shall be the correct rate to enter.
     
    kajaria, Dec 18, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No not at all.
     
    shabbir, Dec 18, 2013
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  3. kajaria

    kajaria New Member

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    Sun Pharma

    Hi Shabbir , what is the right rate to enter this script, and when pl suggest.
     
    kajaria, Dec 18, 2013
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  4. vishuhd1

    vishuhd1 Member

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    According to me, this stock should hold the 580 levels quite firmly by trading well above it... Only then you decide to go long in this.. Otherwise, it can still see more downside..
     
    vishuhd1, Dec 19, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    Only when the pattern is being formed and not trying to read it too early as of now.
     
    shabbir, Dec 19, 2013
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  6. kajaria

    kajaria New Member

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    Sun Pharma

    Today the stock touched 587 ideal time to enter for long term.
     
    kajaria, Dec 19, 2013
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  7. vishuhd1

    vishuhd1 Member

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    Yes.. Wait for one more trading session and if the 580 level holds, you can go long in this counter.. Pharma sector as a whole is looking good as well..
     
    vishuhd1, Dec 20, 2013
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  8. vishuhd1

    vishuhd1 Member

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    This managed to close below 580 levels today.. Not a good time to enter.. Pls watch for some more time before going long in this counter..
     
    vishuhd1, Dec 21, 2013
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  9. shwetagnema

    shwetagnema Active Member

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    signs are good, stock is good, but since it has been going down from past 3 months, isn't it be better to wait it cross 602, to be safe to enter in it? Please advise.
     
    shwetagnema, Dec 23, 2013
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  10. srspriya06

    srspriya06 Active Member

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    My view is safe to buy above 600. If it breaks 555 levels then its a breakdown. So its better to wait for few sessions.
     
    srspriya06, Dec 23, 2013
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  11. kajaria

    kajaria New Member

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    It has maintained the 580 level I am of the opinion can enter the script, it has come up from the low of 569 on 13th Dec to 580 today ....for long term .
     
    kajaria, Dec 23, 2013
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  12. yankeedin

    yankeedin Responder

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    as per me its a sell with sl of 600, with initial target of 560.
    As suggested by Priya and Shweta, it should cross 600 and stay above it for couple of session,
     

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    Last edited: Dec 23, 2013
    yankeedin, Dec 23, 2013
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  13. verenmitter2001

    verenmitter2001 Member

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    Hi Shabbor
    I think Sun Pharma can be bought at above 590 with sl of 581
    Please suggest.

    Regards
    Veren
     
    verenmitter2001, Jan 30, 2014
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