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.

Buy : Satyam Computers short term Pick

29 sec read


 

Stock : Satyam Computers
CMP : Rs 413
Target : Rs 440 and 468
Time Frame : 1-2 months
Stop Loss : Rs394
 
 
Trading Strategy:
 
This stock showing  bullish signals and with good average delivery volumes above( 20 day delivery volumes are well above 40%.). And trying to sustain above 20 day EMA for the past 6 trading sessions. To trade this stock just grab it dips with a minimum stop loss well below 20 day EMA whic comes around Rs404. And Rs394 would be a good Stop loss. Satyam having strong supports near 409. And can bounce upto 61.8% which is the fibonacci retracement level and current resistance level for satyam computers. Once the resistance breaks then we can go for higher targets. Satyam looks like a good and safe trading bet in current market scenario.
 
 
Rajandran
Author Marketcalls
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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