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

10 Years of Historical Nifty Weekly Ichimoku Charts

27 sec read

10 Years of Historical Nifty Weekly Ichimoku Charts are shown. Currently on the long term i.e on weekly timeframe nifty is in sell mode and currently trading very close to the ichimoku cloud resistance coming around 5250-5300 zone breaking above that could signal long term bull market in nifty. Nifty is in sell mode since Jan 2011 and this is the third time retesting the ichimoku cloud since jan 2011. Any breakout could be warned as bull market in india.
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Note

Buy and Sell Rules for Ichimoku
1)Buy if the candle closes above the cloud with cloud as Trailing stop loss (Support)
2)Sell if the candle closes below the cloud with cloud as trailing stop loss (Resistance)

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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