Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Classic Diamonds : Investors Buy

22 sec read


 

Stock : Classic Diamonds
CMP :  Rs 23.15
Target : Rs 30 & Rs35
Time Frame : 2-3 Months
Profit Potential : 20% and 40%(Approx)
 
Classic Dimond chart shows a shorter term breakout .
 
Few Supporting Factors are:
1)Stock recently(few days back) crossed above 200 day Moving Average
2)21-Day Twiggs Money Flow Divergence breakout as shown in the charts
3)GANN Resistance near 35 and 63 levels(Its crazy for now to project near 60 levels).
so initially limiting the  target and set my goal towards Rs30 and Rs35.
4)Strong Bounce back in twiggs money flow above zero level suggests Buying interest in this stock
5)Keep Stop Loss between Rs21-Rs22
 
 
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

GANN Daily Nifty Charts

Posting Gann Charts after a very long time.Chart shown that Gann supports near 5640-5660 zone
Rajandran R
4 sec read

Nifty hourly trading for 17 August 2010

Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
Rajandran R
5 sec read

Nifty hourly trading for 12th Aug 2010

Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
Rajandran R
4 sec read

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