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TELEDATA : Ascending Triangle?

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  #1  
Old 29th July 2005, 09:36 AM
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Default TELEDATA : Ascending Triangle?

Tele Data seems to form a Ascending Triangle Pattern for Short Term.
See attached Chart.

Is it a Ascending Triangle Pattern? Kindly guide me.

Can I buy at current market levels with the Stop Loss of 26. ?
Or wait for a Breakout of 31.50?

Thanks in Advance.
Attached Images
File Type: jpg TELEDATA_ASC_TRI.jpg (57.2 KB, 26 views)
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  #2  
Old 29th July 2005, 09:50 AM
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Default Re: TELEDATA : Ascending Triangle?

I would suggest you to wait for a breakout for a confirmation of the upward trend.
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Old 29th July 2005, 07:15 PM
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Default Re: TELEDATA : Ascending Triangle?

Thank you TATrader for your kind reply.
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  #4  
Old 29th July 2005, 07:25 PM
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Default Re: TELEDATA : Ascending Triangle?

It is still not a good decision to buy...you may expect further downside in the counter, but on a close above 31-32 with good volume the trend will change to bullish.

It would then be advisable to buy it.
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