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)

Karur Vysya Bank – Quicker Analysis

28 sec read


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Mr.Senthil One of the regular reader of marketcalls requested to have a look on KVB(Karur Vysha Bank). And from the charts the stock had a very steeper run in last one month and had done nearly about 35% and a whooping 4 times gain since March 2009. Two things we could notice from the chart

1)15 day ATR(Average True range) is at 52 week high which indicates stock is highly volatile
2)Unusual Volume activity along with the surge last week… which indicates that the stock could be in the Euphoria Phase.

Also there is a huge gap between the stock price and the cloud as shown which indicates reversion to mean is possible in near term towards 700 zone. Its better to stay away from Buy and Hold kind of strategy

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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