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buy time?

Discussion in 'Technical Analysis' started by shwetagnema, Oct 30, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    what's ur opinion about this stock? is it right time to buy?
     
    shwetagnema, Oct 30, 2013
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    it could be or may not, totally depends on ur stop and target, can u plz mention.
     
    sanjay_sansanwal, Oct 30, 2013
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  3. shwetagnema

    shwetagnema Active Member

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    target 1190-1240, SL 1000
     
    shwetagnema, Oct 31, 2013
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Cmp is 1095, so if it does what u expecting means u will get 95+50=145 and in case of loss u will loose 95, sound OK on ratio.

    Now come to Icici bank chart, for me 1240 would be very tough target, Icici looking impressive but I think u have missed the train cause next target would be like that 1145-1175-1200-1240.

    It is better not to trade but if u wish to then u can follow these levels.

    Advise start targeting quality stocks in current scenario.
     
    sanjay_sansanwal, Oct 31, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    No I would not because 1000 is a very steep SL
     
    shabbir, Nov 2, 2013
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  6. verenmitter2001

    verenmitter2001 Member

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    Hi
    Icici can be entered at CMP with sl of 1080 Please comment.

    Regards
    Veren
     
    verenmitter2001, Dec 18, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    With strict 1080, I can bet my money on as I see the ROI is quite attractive.
     
    shabbir, Dec 18, 2013
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  8. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    When we say strict SL we mean any movement below the sl( Intraday/Daily Charts) or on closing basis.

    For eg in ICICI bank the the CMP is 1073 on intraday basis but not on closing basis.
    What should be a right approach??

    Regards
    Veren
     
    verenmitter2001, Dec 19, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    That depends on your investment horizon and candle stick you use for entering trades. If you use daily candles stick then it has to be closing or else it has to be on intraday basis.
     
    shabbir, Dec 19, 2013
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  10. verenmitter2001

    verenmitter2001 Member

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    Hi all
    Can we enter icici bank at cmp with sl of 1018 ?

    Regards
    Veren
     
    verenmitter2001, Jan 20, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    No I would not.
     
    shabbir, Jan 21, 2014
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  12. verenmitter2001

    verenmitter2001 Member

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    Hi shabir
    there is a W pattern seen in ICICI bank.
    Can we enter with SL 1213

    Regards
    Veren
     
    verenmitter2001, Apr 17, 2014
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  13. srspriya06

    srspriya06 Active Member

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    It has to close above 1270. Then its a buy.
     
    srspriya06, Apr 17, 2014
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  14. shabbir

    shabbir Administrator Staff Member

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    Yes it can be a good play but don't forget the results date :D
     
    shabbir, Apr 17, 2014
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  15. ravirajpr

    ravirajpr Responder

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    I can see a very good rectangle breakout pattern in the Daily chart and may be good buy if price breaks above 1270 (resistance in weekly chart) which it already did and retesting support. Seems like a resistance turned support now @1260 zone.

    I had taken a position in 1st week of March and closed position @1200 near daily/weekly resistance.

    I may re-enter or consider bank ETF instead of investing in too many banking stocks.
     

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    ravirajpr, Apr 27, 2014
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