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Mphasis - W Pattern

Discussion in 'Technical Analysis' started by sujan4bw, Oct 3, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Symmetrical and W pattern formation in Mphasis with very high volume.

    Let me know your views.

    Regards
    Sujan
     

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    sujan4bw, Oct 3, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes and stock should soon be around 440.
     
    shabbir, Oct 3, 2012
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  3. sujan4bw

    sujan4bw Member

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    Shabbir, is it good to enter at CMP for short trade else above 440 entry would be good ?

    Also what would have happened 21-02-12 very big red candle
     
    sujan4bw, Oct 3, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Yes if you can get stop loss around 390. Not sure about the 21st Feb Red big candle and you can search for Google news.
     
    shabbir, Oct 3, 2012
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  5. sujan4bw

    sujan4bw Member

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    Thx Shabbir
     
    sujan4bw, Oct 3, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 3, 2012
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  7. aveerareddy9

    aveerareddy9 New Member

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    seems HP forecast news spoiled the W pattern breakout , Almost 4 % down today
     
    aveerareddy9, Oct 4, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Just a technical terms correction. W is not violated. It is the breakout that is violated.
     
    shabbir, Oct 4, 2012
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  9. aveerareddy9

    aveerareddy9 New Member

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    thanks for the correction
     
    aveerareddy9, Oct 4, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 4, 2012
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