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UnknownUnicorn646072
Mar 3, 2017 6:56 AM

mcleodrussel wedges 

NSE:MCLEODRUSS1D
MCLEOD RUSSEL INDINSE

Description

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wedges
Comments
MAYURSHAH444
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Hmmm proper wedge formation.. but does it imply that the stock shall be in a particular range of 160 to 179

is the above wedge indicate any breakout..

Regards
UnknownUnicorn646072
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@MAYURSHAH444, my stoploss level till 151
MAYURSHAH444
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@rupambose32, TRUE AGREE..REGARDS
MAYURSHAH444
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@MAYURSHAH444, BUT I DO NOT THINK IT SHALL GO TILL 151..ITS STRONG SUPPORT AT 160

ALSO THE STOCK IS IN AN UPWARD TREND..DUE TO TEA PRICE RISE..

CORRECT ME IF WRONG..

REGARDS
UnknownUnicorn646072
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@MAYURSHAH444, you know better then me
MAYURSHAH444
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@rupambose32, NO I A NOT BETTER THAN U AS U HAVE A GOOD TECHNICAL KNOWLEDGE BUT AS THE STOCK HAS REVERSED FROM 160 - 164 LEVELS COUPLE OF TIMES..

MAYBE A FURTHER CORRECTION CAN TAKE IT TO 151 WE NEVER KNOW SIR..

BUT I AGREE STOP LOSS IS A MUST
UnknownUnicorn646072
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@MAYURSHAH444, what is your profit level
UnknownUnicorn646072
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@rupambose32, means you want to take profit
MAYURSHAH444
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@rupambose32, not yet booked profit am holding from 160 levels though i sell some at around 175 and buy back at 171..

nothing substantial now but am looking at levels of 187 then 200 plus in a month if markets sustain uptrend..

else it can fall till 150
UnknownUnicorn646072
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@MAYURSHAH444, ok
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