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Welspun India

Discussion in 'Technical Analysis' started by m_padmakumar, Feb 21, 2014.

  1. m_padmakumar

    m_padmakumar Member

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    6 months chart looks interesting. Can be bought at CMP of 99 with SL of 90..

    Thanks
     
    m_padmakumar, Feb 21, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Quite a good chart I must say
     
    shabbir, Feb 21, 2014
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  3. srspriya06

    srspriya06 Active Member

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    Target would be 120
     
    srspriya06, Feb 22, 2014
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  4. chequesuraj

    chequesuraj Member

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    can you pls explain how to decide target like in this case...120???

    i think stock is in overbought zone with RSI 85+...

    shabbir sir your thoughts on how to judge targets...
     
    chequesuraj, Feb 24, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    The way I set the target is atleast 1.5x times SL provided it does not have any major resistance for that target or else the resistance level.
     
    shabbir, Feb 24, 2014
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