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Triangle Breakout - IOC

Discussion in 'Technical Analysis' started by kaisarimam96, Nov 5, 2012.

  1. kaisarimam96

    kaisarimam96 Member

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    Dear Sir,

    I can see triangle breakout pattern in IOC daily chart. Higher bottom indicates more strength of bulls. I feel it is buy @ 262 with stoploss of 252 and target of 275. Please Advise.

    Regards
    Kaisar Imam.
     

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    kaisarimam96, Nov 5, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Your levels are perfect but when it comes to OIL and Tobacco, I never trade in them because Government is too much involved in those sectors.
     
    shabbir, Nov 5, 2012
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