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City Union Bank

Discussion in 'Technical Analysis' started by verenmitter2001, Nov 5, 2012.

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  1. verenmitter2001

    verenmitter2001 Member

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    Hi,
    Please share your views on City union bank
    Again this stock is touching 52 weeks high. and forming triple top

    regards
    Veren
     
    verenmitter2001, Nov 5, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Looks like a multibagger and I tagged the thread accordingly
     
    shabbir, Nov 5, 2012
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  3. verenmitter2001

    verenmitter2001 Member

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    am feelinh happy to contribute to the forum.

    Is it good to buy at this level or we wait for pattern to complete?

    Shabbir as per Eliot wave fifth wave is complete can we assume now a small downturn or I am analysisng wrong?

    Regards
    Veren
     
    verenmitter2001, Nov 5, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Wait and let the stock consolidate and then once it breaks out that is ideal point of entry
     
    shabbir, Nov 5, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    shabbir, Dec 10, 2012
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  6. verenmitter2001

    verenmitter2001 Member

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    hi shabir
    Can this stock be bought above 60 with stop loss at 58??
    Please suggest and also suggest the meaning of those bog candles formed in daily charts.

    regards
    Veren
     
    verenmitter2001, Jan 18, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Very volatile as of now with no clear pattern.
     
    shabbir, Jan 18, 2013
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  8. vishuhd1

    vishuhd1 Member

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    Shabbir,
    On a daily chart of last 3 months in City Uniion Bank, we can see 3 candles with difference in start end price of upto Rs. 8 or 10/-... What is the meaning of these candles.. Will there be an actual price fluctuation of these magnitude on that particular day or does it mean something else?.. Please clarify.. I am referring to candles on 3rd, 17th and 26th Dec..

    Also, why there is so much gap down in prices of 23rd and 24th Nov candles?... Does these indicate some pattern or what kind of trade are these?..
     
    vishuhd1, Jan 18, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Yes there was such a price fluctuation but not sure what units were traded on those levels.

    Such big moves indicates either there was no interest from traders and so a market trade signaled such move or it could be that someone intentionally did such trades.
     
    shabbir, Jan 18, 2013
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