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| Discuss Jindal Vijaynagar Steel at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Good stock which did not keep pace with the recent steel stocks surge. Now trading ... |
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#1
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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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#2
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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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#3
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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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#4
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Quote:
It is always good to recieve feedback!! |
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