Welspun Gujarat-EOD-10Nov

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  #1  
Old 11th November 2006, 10:52 AM
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Default Welspun Gujarat-EOD-10Nov



Hi,
Please look at the EOD chart or WelSpun Gujarat as on 10Nov.
Can some TA experts help in validating the chart pattern

I observe the following
1)H&S fromation in May-June-July-August.
2)Consolidation after breakout from Uptrend
3)Breakout from Falling wege formation in October
4)Moving Averages crossing each other

Based on this is it a BUY recommendation.Also is the price target around 95-100.ie based on H&S pattern formation.


Thanks and Regards,
Vikranth

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File Type: png WELGUJ-EOD10Nov.png (16.4 KB, 27 views)
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  #2  
Old 24th November 2006, 10:22 AM
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Default Re: Welspun Gujarat-EOD-23Nov

Hi,
Plese let me know the chart pattern on this WELSPUN GUJ

I am attaching EOD Chart of 23 Nov. I hold this stock at 82, should I exit, because my earlier observation seemed to be incorrect.


Thanks,
Vikranth

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  #3  
Old 24th November 2006, 01:28 PM
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Default Re: Welspun Gujarat-EOD-10Nov

Hi Vikranth,

The Scrip Is Weakly Bullish. However The Signals Suggest A Buy Mode And Should Be Done With Compulsive Dollar Stoploss Method.

Capital To Be Risked For This Trade: 25%

Regards,

Winston.

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  #4  
Old 26th November 2006, 06:23 AM
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Default Re: Welspun Gujarat-EOD-10Nov

Hi,
I had bought this stock earlier based @83, but now I have exited it @86. I am wondering if this is a right strategy in Technical analysis
I exited because
1)The chart did not proceed as expected
2)It was only weekly bullish...

Thanks,
Vikranth

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