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itc ltd.

Discussion in 'Technical Analysis' started by shwetagnema, Jun 11, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    hi shabbir, ITC has made a double bottom pattern....is it time to buy or should I wait for few more sessions, for the target of 365 and SL 330.
     
    shwetagnema, Jun 11, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Your levels are perfect and so should be a good time to enter now.
     
    shabbir, Jun 11, 2013
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  3. vishuhd1

    vishuhd1 Member

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    Shabbir,
    The chart says that ITC has initially formed a double top at 355 levels and has come down twice and taken a support at around 330 levels to form double bottom.. So, are we sure here that it is indeed a double bottom pattern?... OR do we have to wait for couple more sessions to get this confirmed?...
     
    vishuhd1, Jun 11, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    I see double bottom and so we can play for the top being tested yet again.
     
    shabbir, Jun 11, 2013
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