Rajandran R Creator 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

Dhanalakshmi Bank : Stock to watch for reversal

9 sec read

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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Rajandran R Creator 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

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7 Replies to “Dhanalakshmi Bank : Stock to watch for reversal”

  1. Rajandranji

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

  2. 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

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