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Dcw ltd

Discussion in 'Technical Analysis' started by myidgmc, Jun 30, 2014.

  1. myidgmc

    myidgmc Member

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    Hi Shabbir,

    DCW Ltd made high 0f 28.30(52weeks high) and CMP 28.

    Can we enter with SL26.

    I have been observing this stock from 11rs.

    Thanks,
    Ram
     
    myidgmc, Jun 30, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Stop loss should be 21. Rest all looks good technically.
     
    shabbir, Jun 30, 2014
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  3. myidgmc

    myidgmc Member

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    Thanks shabbir.
     
    myidgmc, Jul 1, 2014
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  4. myidgmc

    myidgmc Member

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    One Q.

    How to decide target for 52 weeks high kind of stocks?
     
    myidgmc, Jul 1, 2014
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  5. naveen1241

    naveen1241 Responder

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    My take would be ride the tide with trailing SL.

    Thanks
    Naveen
     
    naveen1241, Jul 1, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    At least twice your stop loss pricing.
     
    shabbir, Jul 1, 2014
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  7. masihpatel

    masihpatel Active Member

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    Hi Shabbir, can we use Fibanocci retracement method for finding target of life time high stock?
     
    masihpatel, Jul 1, 2014
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  8. shabbir

    shabbir Administrator Staff Member

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    I don't prefer Fibo too much.
     
    shabbir, Jul 2, 2014
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  9. chethankrc

    chethankrc Active Member

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    52 week high and life time highs or breakouts from long time resistance is bit tricky to handle.
    like if Sell too soon and you fight the feeling of regret while the stock continues cruising higher.
    If Get too greedy and try to catch the absolute top and we will give back too much profit when the stock unexpectedly corrects sharply off the highs.
    Its good u follow this strategy,
    Its better to split your position u take 1/3 rd position and go with trailing stop loss and the remaining u just wait untill the prices cross 20 day EMA.
    It works nicely.
    Recently I used this for Colgate my trailing stoploss hit but it has not crossed 20 day EMA now the stock is moving higher.
     
    chethankrc, Jul 2, 2014
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    naveen1241, myidgmc, masihpatel and 1 other person like this.