1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

suggestions

Discussion in 'Technical Analysis' started by sainathreddy4, Sep 22, 2014.

Tags:
  1. sainathreddy4

    sainathreddy4 New Member

    Joined:
    Sep 19, 2014
    Messages:
    10
    Likes Received:
    1
    hi shibbir,
    i have brought GSFC at 100.10/share and now it is moving in the upper line of the bollinger band. but how do i set or guess the target price??
     
    sainathreddy4, Sep 22, 2014
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Based on your SL, target the price at 2x the SL value or the next resistance level.

    Now for me this stock has a big moves and so SL is too down for a target of 2x SL and so I would book profit at 10% rise in tranche of 40% 40% 20%
     
    shabbir, Sep 22, 2014
    Share #2