Rajandran R Telecom 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)

Sasken Communications : Buy

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Stock : Sasken Communications
CMP : Rs 141.8
Risk : Low Risk High Gain Stock
Stop Loss : Rs 136
 
Sasken Communications has a board approval to buy up to 9.45 per cent stake in the company, or shares worth up to Rs 40 crore, at up to Rs 260 a share.
Now the Stock off its high from 172.4 and down nearly more than 15%. Now the stock looks a valuable buy at this level with a strict stop loss at Rs 136 for
Better Gains. The Target of the stock may extend anywhere between 180-200.
 
Technicals say that stocks has support at Rs 138 and there is a chance of formation Bullish  Morning star Pattern  in this counter and also more recently the
stock was up with heavy volumes. So it the Stock moves gap up in tommorow's morning little bit then dont forget to grab this stock earlier.
 
Please Trade this stock with strict stop in this counter.
Rajandran R Telecom 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)

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