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Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.

Cairn in Dilemma

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Stock : Cairn
CMP : Rs 159
20day EMA : 159.1
5 day EMA : 158.1

Cairn is in sideways movement right for january and making multiples of 20 EMA and 5 EMA

bearish crossovers in daily charts and facing resistance near 159 region and any fall and close
below 5 EMA i.e 158.1 is a bearish for near term and provide us nice oppurtunity to short this 
stock in every rise. As per Weekly charts 5 EMA resistance comes near 160.8. Looks sideways
movement can continue for couple of days before a breakdown to occur in this stock. Respecting
the daily resistance near 159.1 will target 149.9 in short term. 

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.
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