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)

Four NSE Stocks with medium term Buy Signals

35 sec read

Reliance
[click on the charts for Enlarged Picture]
Cipla
[click on the charts for Enlarged Picture]
CineMax
[click on the charts for Enlarged Picture]
Essar Oil
[click on the charts for Enlarged Picture]

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While scanning with 13-13 Wilders Moving Average – Offset Channel Trading System in a weekly time-frame many charts had yielded Weekly Buy signlas. But would like to discuss these four charts(Cipla, Cinemax, Essar Oil, Reliance) which could possibly turn into a potential returns in coming weeks.

Spot Value
1)Cipla – Rs 344
2)Cinemax – 62.43
3)Essar Oil – Rs 149.7
4)Reliance – Rs 1081

Stop Loss for the Medium term Buy

1)Cipla – Rs 313
2)Cinemax – Rs 56
3)Essar Oil – Rs 131
4)Reliance – Rs 1023

Nothing more to discuss about these stocks… utimately it is a buy or sell end of the day! 🙂

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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