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Indiainfo - breakout

Discussion in 'Technical Analysis' started by kaisarimam96, Sep 21, 2012.

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  1. kaisarimam96

    kaisarimam96 Member

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    Hi,

    Please have look upon India Infoline Chart as attached. I feel it has made break out at 59 and can be purchased with stop loss of 56 for the target of 65.
    Higher bottom indicated uptrend and accumulation by smart money. Volume also looks good. Please offer your comments / views.

    Regards
    Kaisar Imam
     

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    kaisarimam96, Sep 21, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Levels look perfect Kaisar Imam
     
    shabbir, Sep 21, 2012
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  3. kaisarimam96

    kaisarimam96 Member

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    Current price of Indiainfo is 61.20. I have entered Indiainfo @ 59.
     
    kaisarimam96, Sep 21, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Don't wait for the perfect level of 65 and make sure you watch closely at around 64+
     
    shabbir, Sep 21, 2012
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  5. kaisarimam96

    kaisarimam96 Member

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    Sir,

    Thanks for your insight. Currently it is trading at 62.20 and i will exit at 64.00

    Best Regards
    Kaisar Imam
     
    kaisarimam96, Sep 21, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    No need to exit at 64 but just keep an eye on it.
     
    shabbir, Sep 21, 2012
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  7. m_padmakumar

    m_padmakumar Member

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    I had entered indiainfo @59.75 on 21/9. Sold 50% @72 yesterday. Same day it hit my revised stop loss of 68.40. Today squared off @69 on morning peak. CMP 65.75.
     
    m_padmakumar, Oct 5, 2012
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