Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Dhanalakshmi Bank : Stock to watch for reversal

9 sec read

Stock Name : Dhanalakshmi Bank of India
NSECODE : DHANBANK
CMP : Rs 130.25
Expectation : Shorter term Trend reversal from the prolonged downtrend
Strategy used : Marketcalls – Counter Trend Reversal Trading system V1.01
Stop Loss : Rs 127.1 (the recent lower close) on EOD basis
[wp_ad_camp_5]

 

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Stocks to Watch out on Union Budget 2015

In My last article, I mentioned about trading budget and market related to budget. In this one I will shed light on the stocks...
Balaji
49 sec read

Tata Consultancy Services-PBT Technical analysis

Tata consultancy services is one of the few popular stocks in the service sector.But recently-it moved into a Range bound environment which caught my...
Balaji
28 sec read

7 Long Term Charts to Watch

CNX Small cap index maitains the long term sell mode since Jul2014 and currently on the verge of breakout any close above 5291 on...
Rajandran R
46 sec read

7 Replies to “Dhanalakshmi Bank : Stock to watch for reversal”

  1. Rajandranji

    I think this is good pick …bought 500 @ 129.10 ..interesting formation on weekly chart too ..check

  2. hello rajandaran,thankyou for your prompt reply;

    i have tried view-realtime quotes to get the rt quotes table watchlist on amibroker.. but that doesnt work… so unfortunately have to refer to the software providing the data for the quotes of all the scrips everytime…

    have you been able to get it working? its just that if this could work then one unnecessary hassle could be excluded.. please help

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More