praveen.bhatiya
Short

PFC Megaphone Short would the History Repeat?

NSE:PFC   POWER FINANCE CORP
The Price movement is forming Broadening Formations(Megaphone) Right-Angled and Ascending. Last time it has retested the level within 7 Bar and moved down till the other end. Interestingly it is forming the similar move again Let's see if history repeats. Anyway the pattern is picture perfect, Stop Loss is affordable and Risk to Reward is attractive what else should we look while framing the trade. My only Concern is Budget Day volatility .

Comments

do you read tunnel thru the air
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praveen.bhatiya dr_professor_nifty
@dr_professor_nifty, No even I haven't heard about it. Please tell me about it
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dr_professor_nifty praveen.bhatiya
@praveen.bhatiya, i is a best seller books of william delbert gann,today we use trendline,support resistance ,pattern,price ,timing,astrology all are his works,he used geometry,math in stock market,he traded infront of news paper,maximum trades were get profit,he made history,he first introduce laws of vibration in stock market,he relates stoc market with natural laws
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dr_professor_nifty dr_professor_nifty
@dr_professor_nifty, do you read any books of george bayer
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very good idea,you are analyzing every price bar
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praveen.bhatiya dr_professor_nifty
@dr_professor_nifty, Not every price bar but it caught my attention as the stock was in my Radar. :-)
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dr_professor_nifty praveen.bhatiya
@praveen.bhatiya, often i analysed every bar when i trade
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dr_professor_nifty dr_professor_nifty
@dr_professor_nifty, to know the trader psychology,seller and buyers
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praveen.bhatiya dr_professor_nifty
@dr_professor_nifty, Great ! Have you read the book "Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader".
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dr_professor_nifty praveen.bhatiya
@praveen.bhatiya, yes sir
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