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FEDERAL BANK breakout

Discussion in 'Technical Analysis' started by drsuraimardi, Oct 4, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Hi all ! I think Fedbank has give breakout with good volume.One can buy it for a target of 475/492 with a stoploss of 430? Share your views ,please.
     

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    drsuraimardi, Oct 4, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect levels but resistance around 500 can be of concern.
     
    shabbir, Oct 5, 2012
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  3. drsuraimardi

    drsuraimardi New Member

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    Thanks Shabbir ! What if I book 80 % of my profits around 492 and rest keep to take chance...
     
    drsuraimardi, Oct 7, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Yes you can do that as well. One of my friend always does things like he keeps his profits in the stock and takes back capital at the target levels.

    Let me explain.

    He purchase 100 shares of 1000 Rs and so he invested 1L in a stock and so now lets say his price of stock is 1.1L and so he will sale quantities worth 1L and keep his 10k profit in those stock as long term investment of more than 3 or even 5 years and he is doing lot better in his investments than trading.
     
    shabbir, Oct 7, 2012
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  5. drsuraimardi

    drsuraimardi New Member

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    Shabbir yesterday federal bank made a high of 484.15 ! Thanks Shabbir for your guidance and e-book.Now I feel that I can also earn money in stock market.Even if my SL got hit and I loose money I will be happy that I was knowing the risk and reward at the beginning of the trade.Earlier I was not aware of all the things before investing or trading .Thanks a lot dear.May God bless you with happiness!
     
    drsuraimardi, Oct 12, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine
     
    shabbir, Oct 12, 2012
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  7. drsuraimardi

    drsuraimardi New Member

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    Shabbir it hit my target of 492.And I closed all my trades.Thank you!
     
    drsuraimardi, Oct 12, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    As I always like to share. Please is all mine.
     
    shabbir, Oct 12, 2012
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  9. drsuraimardi

    drsuraimardi New Member

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    Shabbir ! it's really ridiculous to see that on 15/10/12 Federal bank formed high of 571 and closed at 470.50.Now a days stock movements are quite unpredictable and illogical ...What do you say?
     
    drsuraimardi, Oct 16, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    Stock movements are always based on sentiments and getting on the right side of the move is always what you should be aiming at.
     
    shabbir, Oct 17, 2012
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