I know how this algorithm works, but cant decide when to use which algorithm ?
Are there some guidelines, where one better perform than other or any considerations ?
If you are traversing a tree, depth-first will use memory proportional to its depth. If the tree is reasonably balanced (or has some other limit on its depth), it may be convenient to use recursive depth-first traversal.
However, don't do this for traversing a general graph; it will likely cause a stack overflow. For unbounded trees or general graphs, you will need some kind of auxiliary storage that can expand to a size proportional to the number of input nodes. In this case, breadth-first traversal is simple and convenient.
If your problem provides a reason to choose one node over another, you might consider using a priority queue, instead of a stack (for depth-first) or a FIFO (for breadth-first). A priority queue will take O(log K) time (where K is the current number of different priorities) to find the best node at each step, but the optimization may be worth it.