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You are here: Home / Headline / Dhanalakshmi Bank : Stock to watch for reversal

Dhanalakshmi Bank : Stock to watch for reversal

January 5, 2011 by Rajandran 7 Comments

Stock Name : Dhanalakshmi Bank of India
NSECODE : DHANBANK
CMP : Rs 130.25
Expectation : Shorter term Trend reversal from the prolonged downtrend
Strategy used : Marketcalls – Counter Trend Reversal Trading system V1.01
Stop Loss : Rs 127.1 (the recent lower close) on EOD basis

 

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Filed Under: Headline, Stock Watch, Virtual Portfolio Tagged With: Dhanalakshmi Bank, Virtual Portfolio

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Rajandran R says

    January 5, 2011 at 1:05 am

    Its a sort of Black Swan Event for Dale Steyn(South Africa)..Lucky Bajji on the batting end

    Reply
  2. Madhav Patil says

    January 5, 2011 at 11:11 am

    Rajandranji

    I think this is good pick …bought 500 @ 129.10 ..interesting formation on weekly chart too ..check

    Reply
  3. Rajandran says

    January 5, 2011 at 6:24 pm

    SL hits

    Reply
  4. kentuky3 says

    January 6, 2011 at 12:15 am

    hello rajandaran,thankyou for your prompt reply;

    i have tried view-realtime quotes to get the rt quotes table watchlist on amibroker.. but that doesnt work… so unfortunately have to refer to the software providing the data for the quotes of all the scrips everytime…

    have you been able to get it working? its just that if this could work then one unnecessary hassle could be excluded.. please help

    Reply
  5. Chirag says

    January 6, 2011 at 9:03 am

    Whats your view on Indusind Bank ?

    Reply
  6. jitin says

    January 7, 2011 at 11:21 am

    Sir ,
    What could be the afl code for 5 EMA HIGH-LOW , for ami ?tx

    Reply
  7. Roshan says

    January 17, 2011 at 11:32 pm

    Sir -- Is it good to buy this bank now?

    Reply

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