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LT

Discussion in 'Technical Analysis' started by krasquinha, Jun 4, 2012.

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  1. krasquinha

    krasquinha Member

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    Hi,

    As per technical chart LT is in Downtrend and SMA 10 days crossing below 20 days SMA. I thought we can short the LT today but its going reverse. Can some one explain me why ?
     
    krasquinha, Jun 4, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    1100 and then 950 is a good support for L&T and so it can reverse around that area and so it should not be shorted above the support but when it cracks the support.
     
    shabbir, Jun 4, 2012
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  3. krasquinha

    krasquinha Member

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    Thanks Shabbir.

    I have started trading 6 months back without any knowledge after loosing almost my capital (2lac) now i am learning and came across your site. I have confident now after reading your book. But please tell me what stratergy to follow for intraday.

    Regards,
    Kiran
     
    krasquinha, Jun 4, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Support and Resistance.
     
    shabbir, Jun 5, 2012
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