Rajandran R FollowTelecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
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
[wp_ad_camp_5]
Thermax Daily Charts
GMR Infra Daily Charts
Rajandran R FollowTelecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Tata consultancy services is one of the few popular stocks in the service sector.But recently-it moved into a Range bound environment which caught my...
Sir
What is the target price ??
Does above theory apply to all stocks which cross 52 Week high ??