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.

Trin Declines from 1 strongly

21 sec read


 

TRIN declines from 1 shows easing of negative sentiment.Market also comeback after a strong bounceback from 4359 levels. Now the buy signal continues. Also the minimum criteria for the bull signal is 5/13 EMA crossover which happens today.

Nifty TRIN

So the buy signal continues with Investor stop loss around 4530. Investor should conider an exit if Nifty closes below 4530. MACD shows negative divergence. So Investors should cautious in his position until the negative divergence pattern fails.4530 is the Strict EOD stop loss in your Investment below 4530 warns a bear trap for the investors.

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.

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