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ktpillai
White Belt
Joined: 23 Nov 2007
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Post: #1  Posted: Fri Apr 22, 2011 9:32 pm Post subject: HDFC |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
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ktpillai
White Belt
Joined: 23 Nov 2007
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| Post: #3 Posted: Sat Apr 23, 2011 11:19 am Post subject: Re: HDFC |
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| Thank you.But my question is wether it qualify for being called Inv H& S.If so what will be the Tgt.
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #4 Posted: Sat Apr 23, 2011 6:38 pm Post subject: |
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HI KTPILLAI SIR
for any h/s or inv h/s case, the distance between the "head" and the "neck line" is generally considered to be the potential target
HDFC is inv h/s ofcourse
and its head is 582 and neck line is aprox 686 hence, above 686 it should go up to 100 rs aprox
cmp of hdfc is 732 , so at least in theory it should go up for another 50 rs
(plz note, this is a basic target projection from the pattern, for actual targets we should check if any trend lines, specially long term tl is coming in between or not,if it comes, then that level should provide some resistance during the up move)
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ktpillai
White Belt
Joined: 23 Nov 2007
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| Post: #5 Posted: Sat Apr 23, 2011 9:14 pm Post subject: |
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| casper wrote: | HI KTPILLAI SIR
for any h/s or inv h/s case, the distance between the "head" and the "neck line" is generally considered to be the potential target
HDFC is inv h/s ofcourse
and its head is 582 and neck line is aprox 686 hence, above 686 it should go up to 100 rs aprox
cmp of hdfc is 732 , so at least in theory it should go up for another 50 rs
(plz note, this is a basic target projection from the pattern, for actual targets we should check if any trend lines, specially long term tl is coming in between or not,if it comes, then that level should provide some resistance during the up move) |
| Quote: | | Thank you casper.I had some confusion in fixing the neckline.That is why i gave the lowest possible tgt |
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1st i m not expert., 805.60 is the final target., i posted this chart in my blog long back