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techtrail techtrail DELTACORP, D, Long ,
DELTACORP: Delta Corp: Ptichfork Point to Higher prices
88 4 1
DELTACORP, D Long
Delta Corp: Ptichfork Point to Higher prices

Couple of pitchforks are displayed in the chart. Both of them seem in sync with price, the magenta one being more appropriate. Am looking to buy this one for short term spike to recent highs. AS always do your homework, assess the risk and position-size accordingly.

praveen.bhatiya praveen.bhatiya BPCL, D, Short ,
BPCL: Pitchfork and 3 Drive on Top SHORT
174 12 7
BPCL, D Short
Pitchfork and 3 Drive on Top SHORT

The stock has formed 3 Drive on Top pattern and we can see the similarity at distribution Zone at top 2 and 3. It is also touching the upper Median line thus giving a good entry for shorting the stock. Those who could afford the stop loss of 745 can short it now and expect a target of 650.

praveen.bhatiya praveen.bhatiya HEXAWARE, D, Long ,
HEXAWARE: HEXAWARE Buy Learning using PF
141 0 8
HEXAWARE, D Long
HEXAWARE Buy Learning using PF

Andrews has taught that if price crosses the Median Line without halting there it is sign of strong bullish move and that in this scenario movement is expected till the other parallel. Mostly price comes back to retest the Median Line within 3 days thus giving a good entry. It is the perfect example to the technique. Pitchfork seems reasonable so one can expect ...

techtrail techtrail HINDALCO, D, Short ,
HINDALCO: Hindalco: Will It Clear Upper Parallel?
126 0 3
HINDALCO, D Short
Hindalco: Will It Clear Upper Parallel?

After being rejected at the blue upsloping medianline, the red fork now seems to be in play.

techtrail techtrail NIFTY, W,
NIFTY: Nifty: What-If Fork
111 0 6
NIFTY, W
Nifty: What-If Fork

Am having this downsloping fork as a What-if candidate. This gives me a better perspective and a balanced view. Check annotations in the chart

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