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
Swing Trade in Punj Lloyd Explained
26 sec read
[wp_ad_camp_5]
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
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...
