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View on DLF

Discussion in 'Technical Analysis' started by amitmanel, Jan 7, 2014.

  1. amitmanel

    amitmanel New Member

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    Hello Members,

    I have just finished reading Shabbir's Ebook ucpb174 , please pardon me for my basic mistakes. Just to get a glance I was reviewing DLF . I wanted to know if we can short this stock. However, I am trying to understand the Patter in it. Does , the highlighted ( attached with mail) looks like lower top lower bottom type pattern.


    Regards
    Amit .
     

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    amitmanel, Jan 7, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Welcome to DIYTA and the line chart does not reveal the needed information and so either it should be candlesticks or bar chart.
     
    shabbir, Jan 8, 2014
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  3. amitmanel

    amitmanel New Member

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    Hello Shabbir,


    Thanks , for you reply. Please find the attached new graph of DLF.


    Regards
    Amit
     

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    amitmanel, Jan 8, 2014
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  4. srspriya06

    srspriya06 Active Member

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    It consolidates at 175 levels for the past 6 months from august 2013 to till now. So it should break this level for uptrend to take place.
     

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    srspriya06, Jan 8, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    Yes nice idea to be shorting when the support crack or in spike after the support cracks.
     
    shabbir, Jan 8, 2014
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  6. vishuhd1

    vishuhd1 Member

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    Not a good idea to short this stock.. From Aug 2013 onwards this stock has moved up/sideways and the stock looks to have bottomed at around 130 levels..
    Tomorrow, if we see a positive candle at around 162 levels, then the stock can form a higher top, higher bottom pattern (with more of sideways movement)..
     
    vishuhd1, Jan 9, 2014
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  7. amitmanel

    amitmanel New Member

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    Thanks , every for you prompt reply. I would keep watching this stock , in case if I can understand this and shall update you all with any seen pattern.


    Regards,
    Amit
     
    amitmanel, Jan 9, 2014
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