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DCW

Discussion in 'Technical Analysis' started by myidgmc, Jun 1, 2014.

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  1. myidgmc

    myidgmc Member

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    Hi All,

    i bought 100 DCW Ltd shares @12 and now trading @17.10,
    Can i add 100 more shares @CMP 17.10 with SL 16.

    Thanks,
    Ram
     
    myidgmc, Jun 1, 2014
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  2. myidgmc

    myidgmc Member

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    hi shabbir,

    can you let me know views on this?

    Thanks,
    Ram
     
    myidgmc, Jun 4, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Sorry somehow I missed this thread and your stop loss of 16 is medium support but I would prefer the stop loss to be 14.5

    One more concern that I have in this stock is volume which is 100,000+ on few days and so trade volume is only 10 Lakh on some day. Too low volume and so it is better to be investing fundamentally in this stock than technically.
     
    shabbir, Jun 4, 2014
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  4. myidgmc

    myidgmc Member

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    Thanks a lot for sharing your view.
     
    myidgmc, Jun 4, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jun 5, 2014
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  6. myidgmc

    myidgmc Member

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    hi shabbir,

    i hav 100@12 and 200@17 with SL 14.5
    now trading @21 can i add 200 more @CMP. with SL of 19.

    Thanks,
    Ram
     
    myidgmc, Jun 11, 2014
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  7. myidgmc

    myidgmc Member

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    hi shabbir,

    i hav 100@12 and 200@17 with SL 14.5
    now trading @21 can i add 200 more @CMP. with SL of 19.

    Thanks,
    Ram
     
    myidgmc, Jun 11, 2014
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  8. shabbir

    shabbir Administrator Staff Member

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    No I would not instead I would prefer to book profits. 100@12 means you are almost double your profits and 17 ones are at a 25%+ profit and so you have to be booking profit at times.

    Also I see a pin bar being formed which will be confirmed in one more trading session and it could be that stock can reverse from here.
     
    shabbir, Jun 12, 2014
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  9. myidgmc

    myidgmc Member

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    Hi Shabbir,

    Thanks a lot for sharing your view and as suggested booked profits with your great guidance.

    Thanks,
    Ram
     
    myidgmc, Jun 13, 2014
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  10. shabbir

    shabbir Administrator Staff Member

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    Party time.
     
    shabbir, Jun 14, 2014
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