Indian Metals

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by wild_hipman, Oct 9, 2017.

  1. wild_hipman

    wild_hipman Active Member

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    Any views at current valuations?

    I bought at 616/- on 27th September 2017.
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    INDIAN METALS
    WEEKLY CHART......
    CUP & HANDLE PATTERN.....


    [​IMG]

    For better view please click on this image

    Disclaimer : I am not a SEBI Registered Technical Analyst , This is only for Learning and Discussion Purpose ....
     
  3. shakti khanduri

    shakti khanduri Active Member

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    ?? Kindly make it understandable,Sir.
     
  4. pksbravo

    pksbravo New Member

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    What the chart telling Sirji?
     
  5. wild_hipman

    wild_hipman Active Member

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    The chart says it may touch 900/- in medium to long term if it crosses 750/- on weekly closing basis.

    Not sure what medium and long term is - how many months/years

    @RAMA MURTHY SASTRY CHALLA - better you educate us about what the chart says.

    Also, any views on the fundamentals aspect
     
  6. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    @ shakti sir & wild_hipman sir

    i tried my level best to explain all my views in chart ..... It is advanced Technical Analysis
    CUP & Handle pattern is formed in weekly chart in that company
    if it breaks above cup & handle hight it may go to that mentioned level

    Great researches in technical analysis says that
    This pattern success rate 13 out of 23 in international research report
    average raise 34 %
    throwback rate 58 %

    short and medium term details you can search in INTERNET and get those details sir ... it is available in that

    i am sorry to say this sir
    i cannot explain further because my language skills and expression skills lapses
     
  7. pksbravo

    pksbravo New Member

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    I have learnt a lot from you. I am also trying to learn these things. Thank you. Today I know more things.
     
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