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JBF Industries

Discussion in 'Technical Analysis' started by sujan4bw, Aug 24, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    There is breakout today of previous high 149. My view is to go long,
    if it manages to close above 150 levels today. its making new high after recent correction.

    Let me know your views.

    Regards
    Sujan
     

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    sujan4bw, Aug 24, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes it seems to be in a really good uptrend but I think it will spend some time below 150ish given the kind of pattern it formed around 120.
     
    shabbir, Aug 24, 2012
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  3. sujan4bw

    sujan4bw Member

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    Shabbir, are you talking about candlestick with log shadow ?
     
    sujan4bw, Aug 24, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    No see the pattern around 120 and I expect same to be repeating around 150.
     
    shabbir, Aug 24, 2012
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