Rajandran R FollowCreator 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
IDFC Still Testing my patience
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CMP : Rs 93.80
IDFC Still testing my patience. Upside now limited to 97… the upside band is getting decreased day by day…. And this is not a huge consolidation…. It may be a good breakdown pattern below Rs 88
Tracking this pattern right from 02, Aug, 2008 onwards just have a look
Descending Triangle Pattern in IDFC
IDFC 30 min Charts
And from the inference of 30 min charts IDFC giving a good clue to short IDFC futures for a target of 90 and 88. And Breaking below the support could make this stock to crack for a further target of 78 and 75
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Rajandran R FollowCreator 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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