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Madras Cement

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 23, 2013.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Buy Madras Cement @ cmp 186.95 for target of 190-197-204 with stop loss of 178.
    :D

    I have already bought @ 186.95
     
    sanjay_sansanwal, Sep 23, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Not a comforting W but then looks ok at the breakout.
     
    shabbir, Sep 23, 2013
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It is not because of W cause the big W was showing weakness cause the second leg is longer then 1st on down side, another w is not very clear.
    It is just because of breakout @ 178.2 and started making high top high bottom.
    :D
     
    sanjay_sansanwal, Sep 23, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Thats why I sad OK at the breakout :D
     
    shabbir, Sep 23, 2013
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Well analyzed.
    Thanks.
     
    sanjay_sansanwal, Sep 23, 2013
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    made a high of 189.75
     
    sanjay_sansanwal, Sep 24, 2013
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    shabbir likes this.
  7. siva934127

    siva934127 Member

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    Pin bar is showing today,s candle stick and yesterday also was weak.
    Please let me know, what is your view on this stock?

    Thanks,
    Siva.
     
    siva934127, Sep 24, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    190 looks really difficult for this stock to cross.
     
    shabbir, Sep 24, 2013
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I have made my view very clear when I bought 178 or 190-197-204 or may be 209 it is only price which has to decide our exit and at what level.

    Yes there is pinbar on the chart today and yesterday was also weak but don't panic, it is just a trade out of our so many trades and u can not win every time.

    190 is actually becoming a strong hurdle touched 189.75 but not able to cross 190.
    Let's see in coming days.

    :D:D
     
    Last edited: Sep 24, 2013
    sanjay_sansanwal, Sep 24, 2013
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  10. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Yesterday couldn't see that it has my stop, exited @ 180 today @ time of opening only.
     
    sanjay_sansanwal, Oct 1, 2013
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