Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. 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

Tech Check and Nifty Comparision.

August 4, 2008 33 sec read

Stock : IDFC
Cmp : 97
Max upside : 103
Fresh breakout only above 107.

Bearish pattern as said in my yesterday's posting.

Stock may wipe it gains in 3-4 days and would get into sell mode for a
target of 78.

So a possible comparìsion with nifty – nifty to remain bullish for 3-4
days and then giving oppurtunity to buy your favorite stocks.
Now all my eyes on 4680-4740 range. Selling is expected to come from banks and realty. And
almost all the stocks are trading above the 20day EMA buy zone.

Also SesaGoa too looks bullish for 3-4 days and likely a sell from day
5 onwards.
Both IDFC and SESA GOA
Stock will be in my radar for next 15 days.

Its time to take notes guys.
Lets see how the patterns really spans out.
Regards,
Rajandran

Article posted via my Sony Ericsson Mobile – K510i

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