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buy or not

Discussion in 'Technical Analysis' started by shwetagnema, Mar 7, 2014.

  1. shwetagnema

    shwetagnema Active Member

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    today it has got a break out after three tops of 980. now if i calculate target w.r.t to its SL as 940, target comes out to be 1040. Now, if we see yearly chart, there have been many tops between 980 and 1040, although they were 6 months ago. so, i would like to ask, whether we should go for buy in such stock or not?
     

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    shwetagnema, Mar 7, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    I think it would be a good buy but provided you can keep your stop religiously.

    I also think there has to be some consolidation above 980 and it can also go below 980 to trap few as well.
     
    shabbir, Mar 8, 2014
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