Stock : Punj Lloyd
CMP : Rs 304.85
Here is an intresting Swing Trade from Punj Lloyd which shows the positive movement
3 day 15 min charts shows that stock has further uptrend above the recent swing high
306.85. And the current swing low is 304.85 as show in the below. Also the stock trades
above 20 period EMA and the rising RSI shows signals a bullish call in this stock.
So a good trade can be initiated if the stock crosses above the recent swing high 306.85 for a target of
311 and 315 with stoploss anywhere below the recent swing low 304.85
Happy Trading!!!
Regards,
Rajandran R
Author – Marketcalls
Related Readings and Observations
Bitcoincharts Data Plugin for Amibroker Here is a simple Bitcoin data plugin for AmiBroker written on C# with non official AmiBroker Plugin SDK. This plugin provides EOD, 1min, 15min, hourly feeds for virtual Bitcoin exchanges […]- Dropout Game in Nifty
Nifty CMP : 2714 Chart show above is a 3 month hourly Charts for Nifty with 200 period SMA As per 200 period SMA. Nifty is likely a buy only above 200houly SMA […]
- How to Install Metatrader 5 on your MAC OS Machine TO Install Metatrader 5 on your MAC you need to install an emulator with a simple application called PlayOnMac. Then you will be able to install and use MT5 from your Mac OS operating system.
- World Exchanges: Their Connectivity Latency with Indian Exchanges. Latency arbitrage is the practice of buying or selling an trading instrument slightly ahead of other market participants, by taking advantage of small delays in price dissemination. So […]
- Fundamental Analysis : What are Interest Rates? Like anything else in economics, there's a few competing definitions of the term interest rate. The Economics Glossary defines interest rate as: The interest rate is the yearly price […]
- Nifty Hourly charts for 19 Jan 2010 Trading Nifty at hourly cloud resistance i.e near the 5725 zone. A Breakout above this zone could lead to a short term long trade with SL at 5700
Leave a Reply