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.

Three MIDCAP Stocks to Bet on New High

16 sec read

All the three stocks (NHPC,Thermax,GMR Infra) resembles the same pattern i.e trading very close to 52 week high and possibly a good bet for very short term longs 7-15 days. One can take a 2 bar low as stop loss to bet on breakouts. Two bar low for NHPC – 26.5, Thermax – 895, GMR Infra – 34.3. One Should exit if SL hits on EOD basis.

NHPC Daily Charts
NHPC

 
Thermax Daily Charts
Thermax

GMR Infra Daily Charts
GMR Infra

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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One Reply to “Three MIDCAP Stocks to Bet on New High”

  1. Sir

    What is the target price ??

    Does above theory apply to all stocks which cross 52 Week high ??

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