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| Discuss Chart Patterns at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Friends and Seniors I am enclosing here with a chart of MCDOWEL ( United ... |
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#1
13th December 2006, 10:44 PM
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Chart Patterns
Hi Friends and Seniors
I am enclosing here with a chart of MCDOWEL ( United Brew.). I have Noticed Double Top on the chart. Can seniors pls comment on the target and what care should be taken ( SL) if trade is o be entered. Rajeev Last edited by rkgoyal_98; 20th January 2008 at 02:59 PM. 
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#2
14th December 2006, 12:36 AM
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Re: Chart Patterns
hi Rajeev,
the DT will be confirmed only when the price will close below the valley between the two peaks. after the downward breakout the target will be 600 to 550. thanx
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#3
19th December 2006, 07:43 AM
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Mcdowel - Double top and Double bottom
Double top did not gave the break down side. Now MCdowell has risen again and reached the hight of tops. There is also some indicaions that volume increases while rise. Seniors pls guide on the strtegy for trading this stock and what can be the target.
Thanks Rajeev Last edited by rkgoyal_98; 20th January 2008 at 02:59 PM.
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