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.
Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.