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#71
hi winstonn,

chennai petro formed triangle,

if trade is to be initated,s/l should be,

1.horizational line which is recent swing low or

2.horz. line which is based on 2*atr(5days)

and for this set up what should be TRIGGER PRICE to get in the trade
 

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winstonn

Well-Known Member
#72
Hi Nobon,
It is a triangular consolidation. Triangles are not very relaible.That's why it would be essential to observe post breakout action and then decide accordingly.

Seeya,
Winston
 
#73
Dear Winston,

Do you think MIRC will go up again and reach 60 ? any expected target frame? Or is ther any insiders news going to come ...

I am into stcok @ 38.

Regards
Vikram
 
#76
Hi Winstonn,

What is ur target for NALCO in near term. Today and Friday volumes are really low.
Shall i sell and book my profits or shall i wait. I have 500 call option.

Thanks,
Nagendra
 

winstonn

Well-Known Member
#77
Hi Winstonn,

What is ur target for NALCO in near term. Today and Friday volumes are really low.
Shall i sell and book my profits or shall i wait. I have 500 call option.

Thanks,
Nagendra
hi, since you have purchase calls, u need to be cautious about rangebound period. Ranging period will eat your time money of calls. It is very evident that congestion would set in. If this newly formed congestion is break on downside, then exit!

Seeya,
Winston:)
 
#78
hi winstonn.
plz reply my query if u hv sm time.
hi winstonn,
wats ur expectation abt sail ?
wat cud be target till jan end


however, once again congrats fr right predictions on sensex,nifty
 

winstonn

Well-Known Member
#79
hi winstonn.
plz reply my query if u hv sm time.
hi winstonn,
wats ur expectation abt sail ?
wat cud be target till jan end


however, once again congrats fr right predictions on sensex,nifty
thanxs Anju:),

Sail could run up till 300 above area in short term. This is a short term trading oppor.

However it appears that the weekly charts are in process to form a rising wedge! Let's see ahead if this wedge breaks down on weekly basis or turns out to be a failure!

Seeya,
:)
 
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