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Which is better of the two - Jindal Steel & Tata Steel

Discussion in 'Technical Analysis' started by naveen1241, Oct 22, 2012.

  1. naveen1241

    naveen1241 Responder

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    Which is better of the two - Jindal Steel & Tata Steel

    Opinions please.

    Thanks
    Naveen
     
    naveen1241, Oct 22, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Technically none of them looks good.
     
    shabbir, Oct 22, 2012
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  3. naveen1241

    naveen1241 Responder

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    Thanks Shabbir,

    But,what about fundamentals ?
     
    naveen1241, Oct 22, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Not tracking these stocks for fundamentally either.
     
    shabbir, Oct 22, 2012
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  5. naveen1241

    naveen1241 Responder

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    What does the charts convey now for Tata Steel & Jindal Steel ?
    Is 420/455 resistance zones for these ?
    Hold with stop loss ?
     
    naveen1241, Dec 19, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes it is a resistance and you can hold with the stop loss of support levels to see if there is a breakout above resistance.
     
    shabbir, Dec 19, 2012
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  7. naveen1241

    naveen1241 Responder

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    Targets or exit levels for Jindal / Tata Steel ?
     
    naveen1241, Dec 21, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    The next day morning when we have a first negative closing in the stock.
     
    shabbir, Dec 21, 2012
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  9. naveen1241

    naveen1241 Responder

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    Does one day negative closing mean exit the stock. Since earlier you had given comment on Satyam that one day rallies are not good enough to hold on. Please clarify.

    Thanks
    Naveen
     
    naveen1241, Dec 26, 2012
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  10. shabbir

    shabbir Administrator Staff Member

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    No but then for trailing stops means that one negative day can be followed by few more and so it is better to be booking profits.
     
    shabbir, Dec 26, 2012
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