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Discussion in 'Technical Analysis' started by bnnarayana, Oct 7, 2017.

  1. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Oct 7, 2017
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  2. raja_praveen

    raja_praveen Champion

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    superb analysis sir . good pick .will enter
     
    raja_praveen, Oct 7, 2017
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  3. bnnarayana

    bnnarayana Contributor

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    Thank you, learning techincials through DIYTA forum, Thanks to Shabbir for the excellent mentoring.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Oct 7, 2017
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  4. jiju6justus

    jiju6justus Member

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    may i know the analysis that was carried out (in detail if you don't mind).
     
    jiju6justus, Oct 7, 2017
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  5. bnnarayana

    bnnarayana Contributor

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    Sure.
    I took 2 years techincial chart for the study.
    I did trend analysis, found out that the Long term uptrend started from 18-02-2016, still it is continuing.
    Then prices went up and down above the trend line, which confirmed the uptrend.
    Reached 250 on 08-05-2017, then it started its down word journey and it found Support around 195 on 21-8-17 and has resumed upward Journey, hoping it will break the resistance @ 212 as it did on 20-03-17 and reach our targets.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Oct 7, 2017
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  6. bnnarayana

    bnnarayana Contributor

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    bnnarayana, Oct 7, 2017
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  7. abhijitupsc

    abhijitupsc Contributor

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    Very nice way of explaining things.. Thank you

    Sent from my Redmi Note 4 using DIY Technical Analysis mobile app
     
    abhijitupsc, Oct 9, 2017
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