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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Classical Price Breakout in Megasoft

17 sec read


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There is a classical price breakout in Megasoft software where the price has been close above the resisted line near Rs33.2 for many number of times in the last one year. And also RSI(100) is increasing and currently above 56.65 Possibly steeper trend with higer prices could come faster. Interestingly stock is also at 52 Week High 🙂

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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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6 Replies to “Classical Price Breakout in Megasoft”

  1. I am buying this stock from 140 levels till 12, sitting on good profit, not sold a single share will start from 60-90 range 75%

  2. Ideal for investment purpose. entry point around 30 if closing below 33.30. Below 24.10 it is bearish. Now all technical indicators are bullish.

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