Great entry - DCB (CMP - 59.7)

Refer the chart below.

DCB has confirmed its uptrend on the weekly charts. It is a security which we are planning to invest now for long term. Stock was in a downtrend upto the earlier part of 2009 from where it turned upwards. Mid 2010 the uptrend was completely confirmed when trailing 20 day average crossed 50 day average (refer star 1). The stock is making higher bottoms from that point. Stock again went into a consolidation. The trailing average has crossed once again (refer star 2). The stock is now near its 20 day average which can be a very juicy entry point. Stoploss for the position can be put at 54 (for medium term) or 51 (for long term). Stock might have some resistance at 65 and then at 75. If all goes well, the stock might achieve 120/130 with a 1-2 year time frame.