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JK Cement

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 4, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Jk cement break out again and again from 6th feb 2012.
    It has formed W and break our 2/8/12 again @ 226.50 and closed @ 229.90
    yesterday closed @ 230.2.
    I am going to buy on mon @cmp but confused on stoploss @215 or 200.
    Plz share ur views.
     
    sanjay_sansanwal, Aug 4, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    I think you have missed the breakout and so it is better avoided.

    Stop loss should be 190 and then 200 and then 215 but 190 is 40 Rs below the CMP and so that is too much below the CMP to consider the trade.
     
    shabbir, Aug 4, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    The perfect time to enter this stock was in range of 180 to 185
     
    shabbir, Aug 4, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Hi!
    Shabbir I am not considering 178 W break out in july, the break out I am consern about is 228 and that has happened yesterday.
    I know 190 and 200 stop loss is far that is why I am confused.
    can we consider this call with stop loss of 215.
    And please also tell me about my analyzing, am I doing right analyzing ?
     

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    sanjay_sansanwal, Aug 4, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    No you are forcing yourself into trade which is very risky. Miss is a miss is a miss.

    This stock would go up but it is not about upside but the risk of stop loss that you should consider when getting into this stock.

    Still if you want to get into it 215 or 200 both can be stops. Ideally 215
     
    shabbir, Aug 5, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Thanks u so much, there is so much to learn frm u.
     
    sanjay_sansanwal, Aug 5, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine Sanjay and good to see that I am being of help to my readers :)
     
    shabbir, Aug 5, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    What an advice by shabbir it hit all the stops 215-200 may be it will hit 190 also.
    Thanks shabbir for u kind advice or else I will be in looser side.
    Now I would like to ask u the W breakout, is it fake one or what and why u were not ready for this call.
    It will help us in future.
    Once again thank u so much.
     
    sanjay_sansanwal, Aug 25, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    The only reason for me to avoid this was I missed the breakout and nothing else. Lets see if 190 is broken or not and unless not broken, I don't assume it will break if I am long on it.
     
    shabbir, Aug 26, 2012
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