ARVIND MILLS - Symm Triangle

Discussion in 'Technical Analysis' started by vikasdewan, May 10, 2005.

  1. vikasdewan

    vikasdewan Member

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    Dear Traderji,
    The daily/weekly chart of Arvind Mills shows a Symmetrical Triangle formation . Could you kindly comment on the outlook for this stock and whether the observation is correct ?
     
  2. Traderji

    Traderji Super Moderator

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    Re: ARVIND MILLS - Chart Pattern

    Arvind Mills is forming a broad symmetrical triangle pattern. One should go long on a breakout of the upper trendline (see attached chart).
     

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  3. vikasdewan

    vikasdewan Member

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    Re: ARVIND MILLS - Chart Pattern

    Traderji,
    Refer the earlier post; is it time to BUY Arvind Mills now that the Upper Trendline has been broken successfully?

    What targets can we expect ?
     
  4. Traderji

    Traderji Super Moderator

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    Re: ARVIND MILLS - Chart Pattern

    You can look to book profits at about 155-160.
     
  5. Saint

    Saint Banned

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    Re: ARVIND MILLS - Chart Pattern

    Nice move today by Arvind Mills.....New all time highs! :)
     
  6. sudoku1

    sudoku1 Well-Known Member

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  7. Karanm

    Karanm Active Member

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    Re: ARVIND MILLS - Chart Pattern

    Sir, any Explorer for Scanning Triangle formation in Metastock.
    Regards
    Karanm
     
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