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Cipla

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Dec 19, 2012.

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  1. praveenbkec

    praveenbkec Member

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    Hi Shabbir,

    i enterd @414 , now it is trading at 381 , whether to hold or exit ?
    Please share ur view...
     
    praveenbkec, Feb 22, 2013
    Share #21
  2. shabbir

    shabbir Administrator Staff Member

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    You did not share your Stop loss and for me it is Exit.
     
    shabbir, Feb 22, 2013
    Share #22
  3. praveenbkec

    praveenbkec Member

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    SL is 380, only
     
    praveenbkec, Feb 22, 2013
    Share #23
  4. shabbir

    shabbir Administrator Staff Member

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    Good and so once that is broken, you should come out of this stock
     
    shabbir, Feb 22, 2013
    Share #24
  5. praveenbkec

    praveenbkec Member

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    thanks Shabbir...
     
    praveenbkec, Feb 22, 2013
    Share #25
  6. vishuhd1

    vishuhd1 Member

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    Shabbir,
    Cipla has taken a very strong support at around 358 and bounced back nicely from that level and trading at around 382 levels.. It has also broken a previous strong support level of around 379.. Can we consider this for a breakout pattern and can we go long on this?..

    Please suggest..
     
    vishuhd1, Mar 6, 2013
    Share #26
  7. shabbir

    shabbir Administrator Staff Member

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    Spot on VISHWANATHA HD. Breakout above 390 can be good level to enter in this stock but there are few minor resistance levels going up and so you should be booking profits on those levels.
     
    shabbir, Mar 6, 2013
    Share #27
  8. vishuhd1

    vishuhd1 Member

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    Sure Shabbir.. Thanks very much for your inputs..
     
    vishuhd1, Mar 6, 2013
    Share #28
  9. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Mar 6, 2013
    Share #29
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