Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Alok Industires Possibly a Value Buy Now

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CMP : Rs 13.8

Positive Reasons for Value Buy

1)Stock Trading Just below 13 day EMA with Positive momentum divergence so price mean reversion could target towards  34 and 55 Weekly EMA

2)10 Week momentum indicator is just below 0 which indicates possibly a quicker
positive moves in short term

3)If there is a mean reversion towards 34 Week EMA and 55 Week EMA then the possible targets are Rs20 and Rs27.

4) Stop Loss Comes near Rs 11.60 … Just below 52 Week low

5) RSI-2 is towards 49 which indicates once again a positve technical sentiment.Breakout for this stocks comes above 15

 

 

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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One Reply to “Alok Industires Possibly a Value Buy Now”

  1. possible value buy based on technicals ?my first visit here. you have good setup here.

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