In Edward Magee's Technical Analysis Book, in Chapter 27, he has a table for calculating stop distances. For e.g. when you buy a stock, you put a stop at x% below the price you bought it or x% below a recent low. His table suggests how much x should be for different stocks.
In the Indian context, how would I find the Volatility for different stocks? Also what would be the corresponding price bands for Indian stocks to use with this table?
In the Indian context, how would I find the Volatility for different stocks? Also what would be the corresponding price bands for Indian stocks to use with this table?