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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.

Swing Trade in Punj Lloyd Explained

25 sec read


 

 
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
 
 
Source:
www.marketcalls.in
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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