Interesting chart for DCW.
In the last post dated 23 Dec 2015, I was expecting a breakout for the stock. Which happened and followed by some small correction along side the markets but the stock did not stop making new 52 week highs on almost daily basis since then.
Currently the stock is trading at Rs29 ie 16% up from closing levels of 23rd Dec ie Rs 25.05.
Trading can be fun and profitable but I am still to take the dip in the holy Ganga :)
Kitna aur dega?
This is hitting another long term resistance around the current levels. If the momentum remains strong we can see significant upside movement.
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.
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