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Breakout Stocks(ICICIBANK , PNB)

Discussion in 'Technical Analysis' started by sujan4bw, Jul 17, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    Which one among below stocks would you prefer as best in breakout pattern.

    Punjab National Bank
    ICICIBANK

    Regards
    Sujan
     
    sujan4bw, Jul 17, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jul 17, 2012
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  3. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    So If any stock spikes up too much we should not enter such stocks right, since stop loss would be too far.

    How to determine if it is a reversal pattern for PNB.

    Regards
    Sujan
     
    sujan4bw, Jul 17, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Reversal pattern is formation of W after a long down trend. See a 9 month chart and you will see stock from 1100 went to 700 clearly indicating weakness but after the fall has shown some good W's
     
    shabbir, Jul 17, 2012
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  5. sujan4bw

    sujan4bw Member

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    Thx Shabbir
     
    sujan4bw, Jul 17, 2012
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