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BUY

Discussion in 'Technical Analysis' started by srspriya06, Jan 15, 2014.

  1. srspriya06

    srspriya06 Active Member

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    Idea Cellular chart has formed W pattern. Buy at 168 with target of 187 and stop loss of 156. Ur views pls
     
    srspriya06, Jan 15, 2014
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  2. shwetagnema

    shwetagnema Active Member

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    i would not like to bet on this stock because:
    1. although long term trend is good but it broke the channel on 2nd jan.
    2. although it took a double bottom but there's a lot of resistance around 177.
    3. last 3 months trend is also not good.
    when there are better options in the market, i would not take the risk to get into it.
    I am not an expert but this is my opinion. I would like to know others opinions too.
     

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    shwetagnema, Jan 15, 2014
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