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TATACHEM - Buy Opportunity

Discussion in 'Technical Analysis' started by kaisarimam96, Feb 12, 2014.

  1. kaisarimam96

    kaisarimam96 Member

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    Dear Shabbir,

    Please see attached chart of TATACHEM. This is weekly chart and after decline from the level of 380 it has made base around 240. I can see three clear pin bars and hope this to go minimum upto 295. Please review and comment.
    I have initiated buy at current price of 271 with stoploss of 260 and target of 295.

    Expert traders please offer your comments and observation. It is always interesting to see same chart from multiple mindset.

    Best Regards
    Kaisar Imam
     

    Attached Files:

    kaisarimam96, Feb 12, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Trade looks ok to me (not good but just ok). You are seasoned trader (from your other posts of investing in foreign market). Lower top lower bottom on daily charts seems to be broken and so it can work in your favor but for me target would be 285 at max and stop loss would be 250
     
    shabbir, Feb 12, 2014
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  3. kaisarimam96

    kaisarimam96 Member

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    Dear Members,

    TATACHEM is up 8.5% and currently trading at 289.00
     
    kaisarimam96, Mar 4, 2014
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