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TTK Prestige Looks Attractive Yet Again

Discussion in 'Technical Analysis' started by shabbir, Sep 26, 2012.

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  1. shabbir

    shabbir Administrator Staff Member

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    TTK Prestige can have a breakout above 4000 and can enter with a stop loss of 3600.

    Share your views
     
    shabbir, Sep 26, 2012
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  2. sujan4bw

    sujan4bw Member

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    Above 4000 looks really good. Good investment stock.
     
    sujan4bw, Sep 26, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Very True. :D
     
    shabbir, Sep 26, 2012
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  4. drsuraimardi

    drsuraimardi New Member

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    yea ! above 4000 it can be a good buy if it breaks out with a good volume .But if it fails to surpass 4000 and retraces then it can form "M" pattern..?So one should wait for the actual breakout to happen in this case.
     
    drsuraimardi, Sep 26, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    I will not conclude an M so early because the stock is in uptrend for almost 3 years from 300 to 3000 based on Good results.
     
    shabbir, Sep 26, 2012
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  6. vishuhd1

    vishuhd1 Member

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    Shabbir,
    I was trying to understand the chart of TTK.. I see that in last 1 year, the stock price reaches the higher bolinger band and it sheds almost 800-1000Rs. And, then it reaches higher top and again the same trend is continuing.. For eg:
    1) In Feb 2012, it touched 3100 levels and in Mar 2012 it came back to 2600 levels
    2) In May 2012, it touched 3600 levels and in Jun 2012 it came back to 2700 levels
    3) In Aug 2012, it touched 3940 levels and in Sep 2012 it came back to 3190 levels

    So, going by these levels, doesnt it qualify for a vey volatile stock?..
    And now that it is trading around 3740, do you think it can test 4000 levels before it starts falling again?..
     
    vishuhd1, Sep 28, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    If it falls fine but if it touches 4000 and above, that is when we may look into it and so does not matter if it falls without reaching 4000 as of now to me.
     
    shabbir, Sep 28, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    U both r absolutely right.
     
    sanjay_sansanwal, Sep 28, 2012
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