praveen.bhatiya

Action/Reaction trading method as taught by Dr. Andrews

NSE:JINDALSTEL   JINDAL STEEL & PWR
I am introducing today Action/Reaction trading method as taught by Doctor Andrews (invented the famous Pitchfork method) with an example.
The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between.
Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing an action line, It is labeled Action line.
Next, a parallel line is drawn at the same distance from the C/L as the corresponding Action line.
Andrews has observed that prices are likely to stop or reverse at Reaction Line.
Please feel free to ask in case of doubts, I would try to answer at my earliest.
Trade closed: target reached

Comments

it is also target reached going towards reaction line,reversal are accurate,this is called good technical analysis,all are post about nifty correction,but you have a confidence due to knowledge,and give jindal to buy,we will learn this method,sir truely i am telling before i learn other things,but i have no interested of andrews pitch fork method,my interest growing on this method,and coming two weeks i try to learn it from internet and also your post are needed
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praveen.bhatiya dr_professor_nifty
@dr_professor_nifty, Wishing you all the best !
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sir i didn't understood, could u please please explain more, or post a new chart..
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@asif06542, I would prepare and post one more charts with one condition that you are committed to learn.
+1 Reply
asif06542 praveen.bhatiya
@praveen.bhatiya,
sure, sir i am committed to learn,i don't blv in calls suggestion ideas..i always try to learn from everyone.. and thank u for posting..
Reply
@asif06542, Asifji one more with AR leaning as you have requested.
+1 Reply
Congrats : it was very convincing and so obvious. Nice trade.
Reply
@padiyara, Thanks a lot :-)
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great praveen sir....
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jindal steel also make a w bottom
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