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some stocks moved up from lowest level of the trend

Discussion in 'Technical Analysis' started by shwetagnema, Jan 14, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    hi....there are few stock, i have observed, which have moved up from their lowest level in the present trend.....making W pattern:
    1. Marico
    2. Aurobindo pharma
    3. j b chemicals
    4. cummins india
    5. union bank
    6. lic housing finance
    7. sun tv network
    8. crompton greaves
    9. punjab national bank
    10. canara bank
    please comment
     
    shwetagnema, Jan 14, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    You have listed quite a few of them but I can confirm that Marico has formed a great pattern as always and is a great stock to have in your portfolio
     
    shabbir, Jan 14, 2013
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  3. paulmathewmac

    paulmathewmac New Member

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    MARICO looks great with the daily, weekly and monthly charts showing a steady uptrend with price bars hugging the upper Bollinger band in all three time frames. But if you are talking about a specific 'pattern' as such, sorry, I haven't recognized one. May be someone can tell me.
     
    paulmathewmac, Jan 14, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    In Daily charts see the stock bounces multiple times from 216 levels forming a good plateau and in such long uptrend, it is right levels to get into it.
     
    shabbir, Jan 15, 2013
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