Tuesday, April 15, 2014

Glaxo Trade setup

Hi friends,
                      A simple abc setup has emerged in Glaxo after massive fall
Let me put the chart.
Glaxo Trade setup
Ideal trade would be to buy
stock in dips with stoploss
little below 2431 for a
target of 2700+.
Volumes have dried up in
stock which hints at reduced
selling pressure ,A small blip
up and buyers would over
power sellers.

Keep an eye on this stock in coming sessions.


kal said...

Dear Sir,
Glaxo at 2440...hope it starts towards 2700 as per ur assumptions.

kal said...

Dear Sir,
Glaxo at 2442....hope it will start upward journey towards 2700. I have initiated a long (small qty)at 2438. Lets see how it unfolds.


Rish said...

Yes its a bottom end ,It should rise back ,Anyhow keep sl intact ,I trade with stoploss.

kal said...

My Stop loss @ 2410 was intact... now at 2470 despite the fall in Index. Sitting tight...Thanks once again.

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