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IDEA

Discussion in 'Technical Analysis' started by sujan4bw, Sep 16, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,
    [​IMG]
    Idea is on verge of breakout indicating short term uptrend. It is forming U pattern.

    If it break 89 level with high volume can reach target of 100.

    Regards
    Sujan
     

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    sujan4bw, Sep 16, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Also a W if it crosses 89 and so big chance of getting close to 100 as you mentioned.
     
    shabbir, Sep 16, 2012
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  3. yankeedin

    yankeedin Responder

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    why should it break 89!! even if it breaks 87 it should give break out. Correct me if I am wrong.
     
    yankeedin, Sep 16, 2012
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  4. sujan4bw

    sujan4bw Member

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    There is resistance at 87, always place buy order at least 2 point above. It was previous high.

    Even we should look at volume too.
     
    sujan4bw, Sep 16, 2012
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  5. kaisarimam96

    kaisarimam96 Member

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    Quick question main trend of market is relevant or not while making trades as per patterns.
    If Nifty is in uptrend should be avoid short trades and go for longs only and in Nifty is in downtrend then we should avoid taking long position. My question is performance of chart patterns is dependent of Nifty / Sensex trend or not.
     
    kaisarimam96, Sep 17, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    It does not matter too much what is the market trend and if stock is in down trend, you can look for your opportunities.

    If the stock trend is in the wrong direction, you can avoid it.

    On top of that you can also use the uptrend in market to wait for the spike in weak stocks which would give you more opportunities to short.
     
    shabbir, Sep 17, 2012
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  7. sujan4bw

    sujan4bw Member

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    Idea crossed 89 just a while ago.
     
    sujan4bw, Sep 21, 2012
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  8. yankeedin

    yankeedin Responder

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    idea can be bought at cmp for target of 102 with sl 90.. any views?
     
    yankeedin, Dec 12, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    No I don't think so because it is trying to test the support and so once it does not break the support of 90 is the right time to look into this stock.
     
    shabbir, Dec 13, 2012
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  10. yankeedin

    yankeedin Responder

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    idea near to 100.. will definetely touch my target of 102+ soon
     
    yankeedin, Dec 20, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    Party time.
     
    shabbir, Dec 20, 2012
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  12. yankeedin

    yankeedin Responder

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    Frankly speaking for the e-book authored by you, tech analysis became interesting... and then I started looking other learnings of tech analysis(mainly swing trading) + this forum that is good for learning from you and team members.

    Thanks a lot from bottom of my heart.
     
    yankeedin, Dec 20, 2012
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  13. verenmitter2001

    verenmitter2001 Member

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    Occupation:
    IT, Education & Ex-Army officer
    Very rightly said buddy.

    It all started with casualy but gradually interest has grown.
    One again thanks to shabbir for the ebook and all teaching / guidance by shabbir.

    Thanks again
     
    verenmitter2001, Dec 20, 2012
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  14. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Dec 21, 2012
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  15. yankeedin

    yankeedin Responder

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    idea crossed my target of 102
     
    yankeedin, Dec 26, 2012
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