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Jindal Vijaynagar Steel

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  #1  
Old 4th August 2004, 07:49 PM
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Red face Jindal Vijaynagar Steel

Good stock which did not keep pace with the recent steel stocks surge. Now trading in an extremely narrow range.

What is the near-term out look? Any advice on SELL, HOLD or BUY.

Would appreciate some advice from anybody & everybody. Thanx in advance.
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Old 5th August 2004, 10:40 AM
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Default Re: Jindal Vijaynagar Steel

Stocks moving in a narrow range the some of the best opportunities for a short term trading breakout.

Jindal Vijaynagar Steel seems to forming such a pattern. if you do a search in this forum you can read more on the narrow range and inside day pattern.

One can go long on a breakout above 11.80 with a stoploss at 11.10.

A close above 11.80 will confirm a new intermediate uptrend.
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Old 8th August 2004, 08:53 PM
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Default Re: Jindal Vijaynagar Steel

Right, right you are. JVSL broke out above 11.80 last week & hit 12.50 after trading in a very narrow range for days. Made some money. Thanks for your tip as I was previously considering dumping my shares around 11.50 where the stock price was languishing for days.
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Old 8th August 2004, 09:07 PM
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Default Re: Jindal Vijaynagar Steel

Quote:
Originally Posted by jaideep
Right, right you are. JVSL broke out above 11.80 last week & hit 12.50 after trading in a very narrow range for days. Made some money. Thanks for your tip as I was previously considering dumping my shares around 11.50 where the stock price was languishing for days.
You are welcome jaideep!

It is always good to recieve feedback!!
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