Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Karur Vysya Bank – Quicker Analysis

28 sec read


 
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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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