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Granules

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Jan 2, 2013.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    granules could be a good buy @ cmp 165 with stop of 155 for the target of 180-200-225-245.
    Strict stop loss should be followed for the call.
     
    sanjay_sansanwal, Jan 2, 2013
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  2. ajaysinghchand

    ajaysinghchand New Member

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    well your suggestion is of buying low and selling high within the trading range which is 160 to 185. levels of 185 was the pt where the trend which was up did not hold out.

    ideally i feel it should be a buy at 185 levels with a SL of 160.

    maybe with the present momentum in the market it could still achieve the target.
     
    ajaysinghchand, Jan 2, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Hi!
    Ajay it is not all about buying @ low, if u see the chart u can easily find out that 155 is good support which is holding same way previously it was good resistance.
    Another thing which is also interesting that 159 is 50% retracement level.
    It is just trying to form W which is also good for uptrend.
    All the indicators are showing over sold.
    So I think it could be good bet and I am not considering the range of 160-185 cause my 1st target will be 180 that u can say in range but 2nd target after the W breakout will be 200 then 225 which is near to 52 weeks high and then 245 after the break out again.
    By all the points I think u can figure out that I am anticipating break outs in this call.
    :pirate:
     

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    sanjay_sansanwal, Jan 2, 2013
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Correction of stop loss because of wrong reading, it is not 155, it is 150
     
    sanjay_sansanwal, Jan 8, 2013
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