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
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.
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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
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...
One Reply to “Cairn in Dilemma”
rajendran ji what are your reading abt NTPC as this stock still maintaining
rajendran ji what are your reading abt NTPC as this stock still maintaining