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Tata Coffee

Discussion in 'Technical Analysis' started by tarak_desai, Sep 10, 2012.

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  1. tarak_desai

    tarak_desai New Member

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    Volume: Good volume increase
    Technical Pattern: W
    Buy Price: CMP 1003
    Stop Loss: 945

    Share your view guys!
     

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    tarak_desai, Sep 10, 2012
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  2. sujan4bw

    sujan4bw Member

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    Hi Tarak,

    yes its a W pattern.

    Its good Pick. Its a symmetrical triangle breakout. You can enter at CMP with strict stop loss as it has got resistance at 1024- 1028 range.

    Volume also looks good

    Regards
    Sujan
     

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    sujan4bw, Sep 10, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Good levels and Tata Coffee has history of big moves as well but then 2 years chart shows resistance at CMP
     
    shabbir, Sep 10, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It is good pick and stop loss can be 974 and 955 also for safe play.
     
    sanjay_sansanwal, Sep 10, 2012
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  5. tarak_desai

    tarak_desai New Member

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    I guess better to enter once it is at 1010 on closing basis.
     
    tarak_desai, Sep 10, 2012
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  6. tarak_desai

    tarak_desai New Member

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    Yesterday it closed at 1003 and at 998 again with good volume today, one more closing above 1002 and I plan to enter this script. Fundamentally also this script looks good.
     
    tarak_desai, Sep 11, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes good increase in sales volume for last couple of years.
     
    shabbir, Sep 11, 2012
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