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PF

PF

SHORT NIFTY with small Stop Loss lucrative Risk to Reward Ratio Nifty is showing weakness and a reasonable shorting is possible at this level, touched the ML, Fib resistance and bearish Candles formations. One can short the Nifty with very small short loss of little above the current high and can expect a good risk to reward Trade. Wishing you all the best.

Short

by praveen.bhatiya

Updated

SHORT with good Risk to Reeard Ratio of above 4 !The chart is showing frequency at the down sloping PF. The prices broke the UML and came back again start trading below it. It may have shaken the weak traders today and may fall till ML. It offers a good opportunity to trade it with small SL with risk and reward ratio of above 4. Entry current Price 250 SL 254 closing Target 232 Risk/Reward Ratio 4.3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

Short

by praveen.bhatiya

Updated

Nifty Daily View Ascending Triangle Formation Market is still moving in a small range since 15.05.18. It has formed Ascending Triangle and currently trading at the upper line. Following trading setup are possible in this situation 1. It gives Breakout from the pattern and one go long for the target of triangle pattern. 2. Price reverses at Confluence of Pitchfork & Median Line. PF is catching the price movement nicely & Bollinger Band on RSI is suggesting that it is at the highest so we should also keep this in mind. 3. Any False Breakout from the triangle and immediate price rejection would be the most reliable trade setup with defined structured SL in this scenario. Let's do the homework and wait for the good setup to trade. Wishing all profitable trading. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

by praveen.bhatiya

Updated

HIGH PROBABLE TRADE with small SL The Pitchfork is catching the frequency of price movement nicely with multiple touches on handler & on Lower Median Line. One can buy the stock now. Target Median Line that is 61.8% of the swng Entry 480 SL 465 Target 513 Risk to Reward 2.20 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.

Long

by praveen.bhatiya

Updated

Nice PF Long entry at LML Prices are caught nicely by the Pitchfork having multiple touches on handler. We can expect the price to touch the Median Line so one can go long now by providing a initial stop loss of 113 on closing basis. One can continue the trade with trailing stop loss for ML touch.

Long

by praveen.bhatiya

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.

Short

by praveen.bhatiya

Updated

MCDOWELL_N Pitchfork Buy for decent reward Dr Andrew's Pitchfork trading method suggest to go long at the current level. PitchFork is capturing the price movement well so entry at Lower Median Line can generate a good profit as we can expect the price to reach the Median Line around 2290. Today's bar is significant as it tried to retest the Lower MLine and bounced back from there, confirming the strength.

Long

by praveen.bhatiya

Updated

Dabur Trendline/PF support Buy The stock seems to be in demand zone and getting support from trend line. The Pitchfork is catching the price behaviour beautifully so we can expect a rally till median line. Stop loss of Low of yesterday is quite small affordable so one can buy the stock now for a target of 290.

Long

by praveen.bhatiya

Updated

Long at Demand Zone with Good RR ratio Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.

Long

by praveen.bhatiya

Updated

SBI PF Buy Pitchfork is capturing the price movement nicely, which offers a low risk long entry now at lower Median Line. Stop Loss 290.30 one can take reward twice the amount risking.

Long

by praveen.bhatiya

TATAGLOBAL SHORT :Hanging Man at crucial Zone Andrews Pitchfork's is capturing very well the price action so far and working as Resistance. It has closed out of it but formed a hanging man showing possible weakness, so one can short the stock if it starts trading below the upper Median Line around 143.50 for a target of 135 by providing stop loss of 147.60.

TShort

by praveen.bhatiya

Updated

Ashok Leyland Potential Short !Similar to my idea of Tata Global this stock is showing good frequencies around the Pitchfork so I am looking for a short on retesting the upper Median Line. If recent election result creates an euphoric rally, climbing the price to the supply zone I would short the stock with Stop Loss of 96. Please put it into your watch list and to take timely action.

Short

by praveen.bhatiya

Updated

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 the price to go till other end.

HLong

by praveen.bhatiya

Updated

Short Godrej Industries Pitchfork Andrew's Pitchfork seems to capturing the price movement well so we can frame a short trade on its basis now. One can short the stock now or wherever the Stop Loss of 525 is affordable to them. We can expect the target of 465 easily. It may also touch the Demand Zone *Price Range 418 - 435* so the trade may be continued with trailing stop loss.

Short

by praveen.bhatiya

Tata Global Potential Short Trade The stock seems to have good frequencies around the Pitchfork so one can put the stock into their watch list. Recent election result rose the expectations of an euphoric rally which gives an opportunity to short the stock at higher level around upper Median Line. It is coming out of RSI overbought Zone and current reading below 50 also confirms a potential short

TShort

by praveen.bhatiya

TVSMotor PF, Channel, Trendline Engulfing confluence SHORT Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.

Short

by praveen.bhatiya

Updated

PF and Trendline Short Reliance !Andrew's Pitchfork (mod schiff) and trend line having the same slope capturing the price movement beautifully. Big red candle on 04.01.17 and price movement thereafter shows weakness so one can short the stock here with stop loss just above the high made recently. It offers good risk to reward ratio for a target of Median line touch around 1020 which is also a fib .618 level.

Short

by praveen.bhatiya

Updated

Pf suggests Apollo Tyre Buy!Pitchfork is showing good frequency capturing the price movement so we can go long around lower Median Line or around 191 wish Stop Loss 182(closing basis) for a target of 210.

Long

by praveen.bhatiya

PF Short good Risk/Reward possibility Stock so far is respecting the Pitchfork so a short is possible at current level with SL of 273 and target 240.

Short

by praveen.bhatiya

PF is sugessting a possible short Stock is showing nice frequencies around PF. Short is possible at current price on sliding handle with stop loss of 419 and target of 394.

Short

by praveen.bhatiya

Updated

Multiple Cofluence at this level HINDALCO PF, latest Trendline and Channel cofluence at this point suggesting that buyers may enter at this level. Please keep a watch on it for emerging trade.

Long

by praveen.bhatiya

Updated

Day Trade Buy Yesbank One can try a long at current level of YesBank of buyers emerge now. It may work otherwise small stop loss so worth taking risk.

Long

by praveen.bhatiya

Probable path for ICICIBANK The stock is respecting the channel nicely and have multiple resistance at this price zone so bull run may halt for time being now or it could see the price range of 250 in the coming expiry. It would be interesting to watch price action and see if it gives chance to trade.

Short

by praveen.bhatiya

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