DCW is a company in Chemical sector. Recently, the company issued shares to promoters of preferential basis @ 23 per share including the premium of Rs 21 on Rs 2 face value share. Yesterday, the stock formed the 52 week high of Rs 26.2
Technically, the stock has a huge resistance between Rs 25 and Rs 26.7. If the current trend is able to break than we can easily expected gains of 20-30%.
Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.
Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.
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