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Pantaloon Retail

Discussion in 'Technical Analysis' started by shwetagnema, Jul 31, 2012.

  1. shwetagnema

    shwetagnema Active Member

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    Hi Shabbir, Can you suggest me for the investment in Pantaloon retail in which I'm thinking of buying if it crosses 163.
     
    shwetagnema, Jul 31, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Shweta, Please do share your basis of buy call on Pantaloon.
     
    shabbir, Jul 31, 2012
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  3. shwetagnema

    shwetagnema Active Member

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    The basis to buy pantaloon is that it is moving up of the lower bollinger band and sma30 is higher than long term sma. It is just sma 15 is slightly low. Also volumes are good. So if it moves up little bit more, I think I shoul buy. What do you say
     
    shwetagnema, Jul 31, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Bollinger band is not the only indicator and I see Pantaloon is in long downtrend and so you should avoid that stock for investment. for Trading you may try but that too I would suggest only if you are confident of trading against the pattern.
     
    shabbir, Jul 31, 2012
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