Indian Mid cap stock pick - D-Link India

[Traderji]

Indian Mid cap stock pick - D-Link India

Looks like signs of accumulation in D-Link India.

See attached chart for trading signal, profit target and stoploss level.

Please post your feedback/comments!

 

[naga2054]

nice catch..!!

 

[RajK]

Will keep a watch on this as the market looks weak!

 

[amh]

Traderji.
As you mentioned in the chart stock pulled back to 123-124 levels and shifted more towards your stoploss level of 120 resulting in a lesser risk. Now should we wait for a day for the market to stabilise or go ahead and buy D-link tommorrow morning itself.

 

[Traderji]

Under the current market scenerio, I would suggest you to BUY only on a close above 130.00. This would confirm the breakout.

 

[amh]

Thanks Traderji for prompt reply.

 

[jhazra]

Dear Traderji,
As the Q3 results of D-Link is down (16.95%), whats the guideline on this stock?

thanks
Jayanta

 

[Traderji]

BUY with a stoploss at 113.00

This stock has been moving in a range between 100.00 to 130.00 since August 2004. A close above 140.00 would see the beginning of a NEW intermediate uptrend.

 

[vikasdewan]

Hi Traderji,
The past 2-3 days have seen D-link traded with high volumes and now we have a close above 130 today.

Does it warrant a BUY now and if yes, what targets can be expected in short/medium term ?

 

[Traderji]

Hi Traderji,
The past 2-3 days have seen D-link traded with high volumes and now we have a close above 130 today.

Does it warrant a BUY now and if yes, what targets can be expected in short/medium term ?

You can BUY with a stoploss at 120.00