Date: 28/08/13 CHANA SEPTEMBER Hold long position with a stop - TopicsExpress

Date: 28/08/13 CHANA SEPTEMBER Hold long position with a stop loss of 3100. Use rise to 3148-3181-3260 to exit long position and take profits for those already long. Alternatively, traders can hold position with a stop loss of 3100. Fresh trading long position can be undertaken if Chana trades above the open and 3202 with low of the day stop loss or 3135 whichever is lower. In the event of a further breakout and close above 3202 with a bull candle then expect a rise subsequently towards 3380 at least and may extend towards the 261.8% projection of 3490. For the time being if 3202 is not crossed then minor correction can be seen therefore first look to take profit for those already long and re-enter long on rise and close above 3202. Overall trend is up as green color bars are seen, Prices are above the pink trend line also and parabolic sar reversal point is at 3037.

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