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)

Classical Price Breakout in Bank India

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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 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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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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