Entry & exit prices

[New Face]

Hai Everyone,
How can one find out the entry and exit prices for swing trading and position trading.I bought KS OILS at 53/=, when macd gave buy signal, it went upto Rs.58/= two times and came down to 53/= again it went to 58/- I sold it but this time it went upto 61/= . It happened too many times.How can this be overcome.Can you experienced seniors suggest me some good statergy.
I usually select shares when macd crossover happens below ZERO line at steep angle and stochastic at oversold. For selling I keep target as previous
high. Is it correct.Please guide me.

 

[columbus]

Hai Everyone,
How can one find out the entry and exit prices for swing trading and position trading.I bought KS OILS at 53/=, when macd gave buy signal, it went upto Rs.58/= two times and came down to 53/= again it went to 58/- I sold it but this time it went upto 61/= . It happened too many times.How can this be overcome.Can you experienced seniors suggest me some good statergy.
I usually select shares when macd crossover happens below ZERO line at steep angle and stochastic at oversold. For selling I keep target as previous
high. Is it correct.Please guide me.

The strategy is good ,only for VERY LIQUID stocks.I do not think KSoils is a
good intra day stock.Today (22/11/10) it has 2.8 crores turnover.I prefer
stocks not less than 20 crores.They are some very good stocks like HONAUTO
but at the same time ,they are not good for Intra day trades.

 

[New Face]

hi columbus,
THANKS FOR YOUR REPLY.
I am not doing intraday, only short term trading i.e holding for few weeks .Can you suggest some guidelines.