Indian stock market - Swing Trading

Dhfl , a quality stock with good track record  delivered phenomenal returns from 2016 to Aug. 2018. But things changed thereafter . the month of September , 2018 changed things upside down . during this month , the scrip opened at 669 , made high of 691 , then started crashing down , made a low of 252 and closed at 274 . all this happed in a time span of one month . With the benefit of hindsight , one lesson from this episode is to have a pre determined exit level. Before entering a trade for whatever timeframe ( be it one day or 10 years ) , its important to have exit levels , analysis of risk . etc . if these things are thought beforehand , one can let the profits run , with less bothering. Many traders/investors think that , the falling stock will rebound from these levels but 95% or more of the time , the stock price does not . again they think , this time it will rebound from such levels  , but that too doesn't happen . this fantasy goes on , until their loss becomes very hu

The stock recorded an all time high of 600 in late 2018. After that it crashed down due to some negative news . as of may 31 , the scrip trades at 77 i.e. stock depreciated about 87% , making it one of the worst performing stock. However , Pc jewellers delivered a return of around 100% in April , 2019 ( movement from 80 to 163 ) but again depreciated in may and currently trades at 77 . for some time , its likely to stay in the range of 40 - 80 with some random unsustainable spikes. Q ) Pc jewellers by 2020 ? Most probably in the range of 40-80 , unless major restructuring . Q ) How will it again reach its all time high ? The stock should rise gradually till the levels of around 250 as it did in 2014 - 16 . major resistance will be in the range of 250 - 280. Once it crosses this range with good momentum , the next stop perhaps may be the all time high . but this journey might take about 5-8 years . Q ) Entry signal i