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FAG Bearings - 24th Oct 2016

Discussion in 'Chart of the Week' started by shabbir, Oct 24, 2016.

  1. shabbir

    shabbir Administrator Staff Member

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    The stock had a vertical run up from 1050 to 4750 and then consolidated for almost a year in the range of 3750 and 4400 but it looks like breakout is round the corner on weekly chart.

    FAG-Bearings.png
    Breakout is one of my favorite pattern.
     
    shabbir, Oct 24, 2016
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  2. caringvij

    caringvij Active Member

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    caringvij, Oct 24, 2016
    Share #2
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  3. shabbir

    shabbir Administrator Staff Member

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    This is a slow mover stock and is not very heavily traded and so ideally you should buy this stock in dips but yes you can accumulate at this levels.
     
    shabbir, Oct 24, 2016
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  4. nirajshah

    nirajshah Champion

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    nirajshah, Oct 24, 2016
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