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Friday, October 24, 2014



TUBE INVESTMENTS-

This is the classic case of how resistance level(around 305) becomes the support level. The share is traded above rising 50 100 200 dmas. Obv indicator is showing accumulation . it is performing better than nifty.
Adx is in trending zone. plus di is above minus di.Most of the momentum indicators are in buy mode.
Expansion of bolinger bands near keltner channel is indicating trendiness along with vh filter. Demand Index, money flow index, ease of moment and chaiking ad oscillators are in buy mode.

CONCLUSION: As the share is nearly suitable for darvas trading i prefer to buy at this level(355) and have initial stoploss at rs. 293 and book profit or exit when share crossed down below four days low
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