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#1
31st August 2004, 03:28 PM
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Prospects of Dabur
Hi Trader ji,
First of all accept my congratulations for a wonderful site with very interesting and organised discussion board. I have 200 shares of Dabur bought few days back at Rs.68/-. Has this share any momentum for a run up in the short term? Regards Samaruna 
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#2
31st August 2004, 04:59 PM
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Re: Prospects of Dabur
Prospects of Dabur
Dabur is forming a contracting triangle / pennant pattern Generally sharp explosive moves occur out of such patterns. Hold on to your position with a stoploss at 65.00 BUY/ADD more on a close above 70.00 for an initial target of 80.00 - 85.00
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#4
31st August 2004, 09:08 PM
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Re: Prospects of Dabur
Trader Ji,
Thanks for your quick reply. Will look towards the close above Rs.70/- for Dabur. Can you explain the Pennant pattern with some picture example (may be with the chart of Dabur itself). I checked up your hyperlink which takes me to a post on Reliance Industries dated 17th June 2004. But, I am not able to visualise the pattern seeing the chart uploaded there. Thanks. Best Regards Samaruna P.S.:How does a member becomes a senior member or so? It shows me a junior member.
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#5
1st September 2004, 01:46 PM
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Re: Prospects of Dabur
Attached is the Dabur chart showing the pennant/contracting triangle formation.
For more info on this pattern please read my article at http://www.traderji.com/showthread.php?t=54
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