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ITC - short?

Discussion in 'Technical Analysis' started by kamat79, May 9, 2013.

  1. kamat79

    kamat79 New Member

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    Hi Shabbir,

    ITC has created DOJI and that too at the TOP :) It shouldn't be ignored, isn't it?

    Thanks!
     
    kamat79, May 9, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    DOJI can be concluded after tomorrows end of session only
     
    shabbir, May 9, 2013
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  3. kamat79

    kamat79 New Member

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    yep :) waiting for a black candle! Thanks Shabbir!
     
    kamat79, May 10, 2013
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  4. vishuhd1

    vishuhd1 Member

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    Looks like still lot of steam left in this stock.. Its not a DOJI anymore..
     
    vishuhd1, May 10, 2013
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  5. m_padmakumar

    m_padmakumar Member

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    Is it not a pin bar?
    Because open/close prices on 9/5 is in between price variations on 8/5 and 10/5.

    Thanks
     
    m_padmakumar, May 10, 2013
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  6. vishuhd1

    vishuhd1 Member

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    In addition to that the next days closing price should be above/below the closing price of pin bar candle depending on the uptrend/downtrends... In this case the closing price of 10/5 is well above the closing price of 9/5, so you can't short this counter... However, you can consider this for going long...
     
    vishuhd1, May 10, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    No Pin bar. See this

    Exactly
     
    shabbir, May 11, 2013
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