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Moneycontrol.com >> Message Board >> View Messages >> DCW
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CAN i Buy DCW at 16 (1)   25-Jul-08 00:05Tracked by (0)  
Posted by:   bharath. on ( 25-Jul-08 00:05 )
Price : BSE: Rs 16.11 ( -1.53 % ), NSE: Rs. 16.10 ( -1.23 % )
Hi,

no doubt DCW is an excellent stock, however when markets get a beating, this one wont be spared. The stock got Long term Strong Support between 12- 13. Most likely it will not fall below 13, if it does, then can touch new lows also. However this is unlikely to touch 13 or lower. best you can buy in small qty, i.e if the your planning to invest 10k, invest 2.5k now, wait for some time, if the stock goes down 20-25% invest another 25% of your amount, if it goes up, enjoy the return don't panic and buy @ higher level. This market cannot be easily predicted now on. Hence play safe.
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