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Idbi bank-w?

Discussion in 'Technical Analysis' started by drsuraimardi, Oct 1, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir ! Is this a valid W in wkly chart of IDBI bank ? If yes then should one can enter at this leve for a target of 110/116 with a stoploss of 83 ?
     

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    drsuraimardi, Oct 1, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Looking good and breakout previous high with good volume too but stop loss is far I believe.
    83 is good stop loss but too far according to ur target.
     
    sanjay_sansanwal, Oct 1, 2012
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  3. drsuraimardi

    drsuraimardi New Member

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    I completely agree with you Sanjay.
     
    drsuraimardi, Oct 1, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    At CMP of 102, SL of 19 Rs and Target of 8 and 14 Rs can be skewed but good to go if you know what you are doing.
     
    shabbir, Oct 2, 2012
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  5. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    I Entered this stock more than a year back at 125 on my Broker advise.
    Now that i have started learning the tech analysis I think the stock would not reach the 125 level for next 6 to 9 months.
    Advise me what should be done to old stock taken by me on advise of my broker.
    Shall i book loss and come out and invest in other opportunities??

    Regards
    Veren
     
    verenmitter2001, Oct 18, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Veren, it is always easy to say come out with a loss but then I know how it feels when you loose money in market and so I recommend making small loss in IDBI for the profits you make in other stocks.

    So if you make a profit of 1000 Rs in some other stock, book a loss of 1000 Rs in IDBI as that will help you sleep well as well as save Income Tax on your profits.
     
    shabbir, Oct 18, 2012
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