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.

Classical Price Breakout in Bank India

15 sec read


 
There is a classical price breakout in Bank India where the price has been close above the resisted line near Rs474 f and also close above the multi year high. And also the 15 day ATR is rising from the lows.  Possibly steeper trend with higer prices could come faster.

Buy and Hold could be a worst Strategy though….. 🙂
Instead its better to watch out on the perspective on short term

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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4 Replies to “Classical Price Breakout in Bank India”

  1. Is it possible for you to post breakout NSE stocks of Ichimoku band on either side at your blog on everyday auto update basis.

    1. @Markethypothesis

      Iam currently trying out to update the NMA SAR…. Will post soon
      But auto update for Ichimoku is little bit difficult to implement on auto basis…. Any how frequent manual update are possible.
      Any how will check out the possibilities

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