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United Phosphorus

Discussion in 'Technical Analysis' started by aveerareddy9, Aug 24, 2012.

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  1. aveerareddy9

    aveerareddy9 New Member

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    United Phosphorus seems forming a W pattern, please correct me .

    Thanks
    Veeru
     
    aveerareddy9, Aug 24, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Not at all.
     
    sanjay_sansanwal, Aug 25, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    If 100 is not cracked and it is too early to say that W is formed. Yes W can be formed if stock does not crack 100 and goes to 130 levels.

    It can also happen that 100 is not cracked and stock spends some time between 100 and 120 odd levels and consolidates.
     
    shabbir, Aug 25, 2012
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