Technical trades-Q&A

#51
Re: Ispat Inds weekly looking good

Nice weekly close at 20.3....Nice!
 
#53
Re: Ispat Inds weekly looking good

Saweeeeeet Ispat.....From point of entry,up 123%,nice!! :) :) :)
 
#54
Glenmark Pharma-Asc.Triangle Breakout!

Glenmark Pharma forming an ascending triangle on the daily and getting ready for a breakout.....looking good
 

Traderji

Super Moderator
#55
Re: Glenmark Pharma

saint said:
Glenmark Pharma forming an ascending triangle on the daily and getting ready for a breakout.....looking good
Good call Saint,

Yes we need to see a close above 555.00-560.00 before we can go long.

Also what are your target levels for this stock once it breaks out?
 
#56
Re: Glenmark Pharma

Traderji,

Never usually have targets ,only stops before I put in the trade......once it breaks out ,I'll enter another 1/2(already in 1/2 yesterday).My stop is at 504......Am looking for the 700 area before taking any profits.Meanwhile am just going to trail stop it. :)

Saint
 
#57
Re: Glenmark Pharma

Saint,

You can calculate the initial target by adding the midway height of the triangle to the level of the breakout (out of the triangle).
 
#58
Re: Glenmark Pharma

TATrader,

Thanx a lot....I think that works out to about 635 area.

Saint
 
#59
Re: Glenmark Pharma

Whoa the stock has broken UPWARDS!!! BUY, BUY!

Its UP 3.79% (Rs. 20.75) at 567.00.

Good one Saint!

keep it up!!!
 
#60
Andhra Bank

Andhra Bank looking ready to start another uptrend after nearly 5 weeks in consolidation.....breakout with high vol and a daily bar ending over 104.5 is confirmation.At present,a wait-n-watch(except for the more aggressive uns)!
 

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