1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

MTNL

Discussion in 'Technical Analysis' started by charuhas31, May 12, 2013.

  1. charuhas31

    charuhas31 New Member

    Joined:
    Sep 8, 2012
    Messages:
    9
    Likes Received:
    0
    Is this breakout from previous level along with formation of W at bottom ?

    Can we trade for Target of 29 with stoploss at 20 ?
     

    Attached Files:

  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,671
    Likes Received:
    1,938
    W is on but I would prefer breakout above 25
     
  3. charuhas31

    charuhas31 New Member

    Joined:
    Sep 8, 2012
    Messages:
    9
    Likes Received:
    0
    In that case stop loss should be 22 or 20 ?
     
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,671
    Likes Received:
    1,938
  5. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    Pls dont buy these kinds of low quality stocks
     
  6. charuhas31

    charuhas31 New Member

    Joined:
    Sep 8, 2012
    Messages:
    9
    Likes Received:
    0
    I am not buying.. But what's harm in looking at chart..
    Query was to understand and clear the concept :)