BIPL Mid Term Analysis 18 FEB 2013

BIPL

"BIPL" is best buy near 8.00 Our Prefrence:  buy as long as 8.10 is support with strict stop loss of 7.90 and target at 9.21 and 9.80 Alternative Scenario: Breakage of 7.90 can push it towards 7.20 Note: BIPL is best buy as long as 7.90 is support as it have fullfilled its 61% correction (Retracement) and now is moving upward to its previous high which can be amended this time. as in daily candle it have created bullish dark cloud pattern which is sign of reversal. 7.90 is support as it is on 280 days moving average and also a bearish tend channel. Breakage of 7.90 can push it towards 7.20 which is also a strong support and can be get average there.

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John Doe

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Diana Doe

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Melissa Doe

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Peter Doe

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