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.

Alok Industires Possibly a Value Buy Now

20 sec read


 

CMP : Rs 13.8

Positive Reasons for Value Buy

1)Stock Trading Just below 13 day EMA with Positive momentum divergence so price mean reversion could target towards  34 and 55 Weekly EMA

2)10 Week momentum indicator is just below 0 which indicates possibly a quicker
positive moves in short term

3)If there is a mean reversion towards 34 Week EMA and 55 Week EMA then the possible targets are Rs20 and Rs27.

4) Stop Loss Comes near Rs 11.60 … Just below 52 Week low

5) RSI-2 is towards 49 which indicates once again a positve technical sentiment.Breakout for this stocks comes above 15

 

 

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.

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source: www.marketcalls.in
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop loss...
Rajandran R
12 sec read

0 Replies to “Alok Industires Possibly a Value Buy Now”

  1. possible value buy based on technicals ?my first visit here. you have good setup here.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More