1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Exide India - symmetrical traingle

Discussion in 'Technical Analysis' started by sujan4bw, Aug 25, 2012.

Tags:
Page 1 of 5
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Shabbir,

    Is Exide India forming symmetrical triangle formation ? Will it be indication of continuation of uptrend.

    I think entry point should be at 140.

    Please correct me If I'm Wrong.

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Aug 25, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Entry or shorting point should be point when there is a break out or break down of the lines you have drawn.
     
    shabbir, Aug 25, 2012
    Share #2
  3. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thx shabbir.
     
    sujan4bw, Aug 25, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    The pleasure is all mine Sujan.
     
    shabbir, Aug 25, 2012
    Share #4
  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Hi Sujan,
    Last night I was watching exide chart and the same thing came in my mind but my entry point is 138.
     
    sanjay_sansanwal, Aug 25, 2012
    Share #5
  6. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Sanjay, so we are on same page :)
     
    sujan4bw, Aug 25, 2012
    Share #6
  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important

    yep, by symmetric triangle we can find out W break out in advance.
     
    sanjay_sansanwal, Aug 25, 2012
    Share #7
  8. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Just took position in exide at 140
     
    sujan4bw, Sep 4, 2012
    Share #8
  9. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Today high is 144.50 after breakout of 140 today.
     
    sujan4bw, Sep 4, 2012
    Share #9
  10. tarak_desai

    tarak_desai New Member

    Joined:
    Aug 20, 2012
    Messages:
    114
    Likes Received:
    3
    In Exide, Sujan/Sanjay what was your stopp loss - 126-128 ?

    Thanks
     
    tarak_desai, Sep 4, 2012
    Share #10
  11. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Stop loss - 132

    Shabbir and Sanjay share your views too on stop loss
     
    Last edited: Sep 4, 2012
    sujan4bw, Sep 4, 2012
    Share #11
  12. tarak_desai

    tarak_desai New Member

    Joined:
    Aug 20, 2012
    Messages:
    114
    Likes Received:
    3
    Sujan, How you have arrived at this stop loss ?

    Thanks
     
    tarak_desai, Sep 4, 2012
    Share #12
  13. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    I am sorry I have not taken any position in exide cause I taken position in pidilite but if I would enter then my entry would be around 138.50-139 with stop loss of 127.50.
     
    sanjay_sansanwal, Sep 4, 2012
    Share #13
  14. sachinmore08

    sachinmore08 New Member

    Joined:
    May 19, 2012
    Messages:
    55
    Likes Received:
    0
    Sanjay - on what basis you took position in pidilite..could you pls through some light ?
     
    sachinmore08, Sep 5, 2012
    Share #14
  15. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    My would be 130 but I would not sell immediately at 130 and may watch closely the volumes things in between 130 and 125.
     
    shabbir, Sep 5, 2012
    Share #15
  16. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    sanjay_sansanwal, Sep 5, 2012
    Share #16
  17. sachinmore08

    sachinmore08 New Member

    Joined:
    May 19, 2012
    Messages:
    55
    Likes Received:
    0
    Hi Shabbir..I am not understanding how much volume is good volume for any stock ?? So you mean to say if stock price breaks above certain resistance level and at same time volumes should also break out from its average range then only buy the stock ? pls clarify. Thanks in advance...!!!
     
    sachinmore08, Sep 10, 2012
    Share #17
  18. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Increase in volume is needed. Nothing like good or bad volume.
     
    shabbir, Sep 10, 2012
    Share #18
  19. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Shabbir, can you tell me what exactly is going on with Exide ?

    Side ways or consolidation......trend reversal ?
     
    sujan4bw, Sep 11, 2012
    Share #19
  20. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    According to me the intermediate trend is up as long as the stock is above 140. Between 140 and 130, I will be watching the stock closely for volumes but sideways movement above 140 is really good for the stock.

    Seideways movement above 138 should be really good for the stock.
     
    shabbir, Sep 11, 2012
    Share #20
Page 1 of 5