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Geometric Limited break out

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Jul 30, 2012.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Geometric has done breakout @ 81 high of 16-4-12 and 87 high of 6-1-11 tomorrow I am going to buy it around 90-92 with stop loss of 81.
    what is ur view ?
     
    sanjay_sansanwal, Jul 30, 2012
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  2. sujan4bw

    sujan4bw Member

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    Its a good pick
     
    sujan4bw, Jul 30, 2012
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  3. masihpatel

    masihpatel Active Member

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    I think it is pullback after a few session downfall. Dear Shabbir your view is needed.
     
    masihpatel, Jul 30, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    No its not pull back but it has shown a breakout from 35 levels from Sep 2011 to july of 2012 and so should be considered an uptrend.

    Only glitch that I see is 23rd of July 6 million shares were traded and so you need to know why. Also after that there isn't same volume maintained but then the positive thing is traded volume is around 1 million and so that is also an indication of stock consolidating around this levels.

    So should be a good buy if you keep a strict stop loss of 82ish levels,
     
    shabbir, Jul 31, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Look at geometric 103, I have book 50% and revise my stop loss to 90 my cost
     
    sanjay_sansanwal, Aug 9, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Booked 25% on my 2nd target @ 110
     
    sanjay_sansanwal, Aug 17, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Breakout again @ 111-112 today with volume.
    Still holding for my final target but I think this is still good buy.
    share ur views.
     
    sanjay_sansanwal, Sep 8, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Really good buy and if things look good fundamentally, can hold on for longer as well.
     
    shabbir, Sep 8, 2012
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