The thick green lines are basic Action Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines. Things look bullish whichever way we dice this chart. Am planning to buy at least a token quantity in this stock today ! Plan your trade & position-size judiciously !!
ktkbank has low p/e and have a nice head and shoulder pattern with support around 156. hope to see a good upside.
Price has bounced off the centre-line or the medianline of the red action-reaction set. It is apparent that the line is in sync with the price and I will not be surprised to see a rally to the top red line or the "Reaction Line". Am already long in this stock and looking to add more. Stock listed only at the Bombay Stock Exchange and not traded at NSE.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames. I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...
The stock has been in an uptrend for a while now. The red lines in the chart are Action-Reaction Lines. Notice how these lines have acted as support / resistance. Next destination could be the top red line at 87.50-ish. But, for patient investors, this stock could deliver more is my guess.
After a sharp fall, price has stabilised and tried to recover some lost ground. The close above the 200-dma is a positive sign too. The red lines represent Action-Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines. Price could rally to the upper red line at 680-ish.
MRF stock after a strong vertical bull run paused and it looks like ready to resume the journey again. One can go long now or on dips wherever one is comfortable with the stop loss of 49600 for target of price range 55650 - 57500. It offers good risk to reward ratio.
ENTRY DETAILS: PAIR: USDOLLAR ORDER: SELL ENTRY : 12338 STOP LOSS: 12357 TAKE PROFIT : 12312 R:R = 1.37
Check annotations in the chart.