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Power Grid

Discussion in 'Technical Analysis' started by drsuraimardi, Sep 30, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Hi all ! Is there a chance in power grid to enter or wait for 123 to cross.My target is 130 with stoploss 115.
     

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    drsuraimardi, Sep 30, 2012
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  2. yankeedin

    yankeedin Responder

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    as per me, chart doesn't indicate any buying opportunity right now. lets see what others have to say
     
    yankeedin, Sep 30, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Stop loss of 115 is perfect but buying should be done above 130 provided SL is not hit.

    Keep this chart on alerts.
     
    shabbir, Sep 30, 2012
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  4. ajaysinghchand

    ajaysinghchand New Member

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    i dont see any pattern apart from the fact the stock is consolidating
    shabbir could you clarify why you choose to buy above 300
     
    ajaysinghchand, Sep 30, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Stock is consolidating between the range of 115-125, right now it is in no trade zone until it break 115 for short side and 130 for upside.
    There is a trend reversal signal but 122-124 is strong resistance for the stock so 130 is price to go for upside.
     
    sanjay_sansanwal, Oct 1, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Not 300 but 130 and because of the reason give by Sanjay.
     
    shabbir, Oct 1, 2012
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  7. drsuraimardi

    drsuraimardi New Member

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    Thanks Shabbir & Sanjay ..
     
    drsuraimardi, Oct 1, 2012
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