Rajandran R FollowCreator 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
Three MIDCAP Stocks to Bet on New High
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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
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Thermax Daily Charts
GMR Infra Daily Charts
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Rajandran R FollowCreator 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
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One Reply to “Three MIDCAP Stocks to Bet on New High”
Sir
What is the target price ??
Does above theory apply to all stocks which cross 52 Week high ??
Sir
What is the target price ??
Does above theory apply to all stocks which cross 52 Week high ??