1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Adani Ports

Discussion in 'Technical Analysis' started by tushant02_shah, Oct 22, 2012.

  1. tushant02_shah

    tushant02_shah New Member

    Joined:
    Sep 28, 2012
    Messages:
    10
    Likes Received:
    0
    Hi EveryOne

    CAN ADANI PORT be considered good above 132.50 as it had created a perfect V pattern and also new BREAKOUT above 132.50 with a Stop Loss of Rs.120.15

    Plz Share Views......
     

    Attached Files:

    tushant02_shah, Oct 22, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Perfect levels but it not perfect V but a W.
     
    shabbir, Oct 22, 2012
    Share #2
  3. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi shabbir
    Is it actually a perfect W as the second bottom is lower then first?
    Please comment and what do you suggest on trading in this stock?

    Regards
    Veren
     
    verenmitter2001, Oct 24, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Perfect W means second leg should not be lower than the first.
     
    shabbir, Oct 25, 2012
    Share #4
  5. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Yes thats the reason i asked you again as you wrote its is perfect w in yor first reply , whereas I was confused. Any ways it is not a perfect W but whats your call on it?
     
    verenmitter2001, Oct 25, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Until it breaks out. NO CALL.
     
    shabbir, Oct 25, 2012
    Share #6