Pitchforks

Action Reaction is beautifully aligned with the down sloping Trend line. RSI is in overbought showing divergence. Set up seems to be ready for a short and let's hope for a good trade.

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Can NIFTY trading in Yellow mentioned triangle Or BREAK ? All mentioned on Chart. Some FnO Strategy for members having -VE View. more Strategy published tomorrow as Series. on 1s Aug 2017, given view one Strategy as Update. More to come. If enriched your knowledge, Please don't forget to Hit / Click Like button. Disclaimer: Only For STUDY. For Taking Trade ...

The stock has been in a corrective mode off-late. Lot of interesting developments in the chart in the past few days. Price has bounced off the prior breakout zone. The correction has also been arrested at the medianline of the downsloping fork. Price action today is promising. A close today near the days high backed by volume spike will be a a welcome bullish ...

Pitchfork is capturing the price movement beautifully with multiple touches. It is testing/retesting at UML now giving an opportunity to short the stock. One can observe the price at this level & on seeing the weakness short it with small stop loss.

There are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper ...

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.

Price has gotten above the 50-DMA and also took support at this average couple of days ago. Trend looks bullish and I am watching this stock for a long entry.

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.

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.

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.

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.

Andrews Action/Reaction method has suggested a short and it made Big Red candle showing the selling pressure at that level. It has also broken the short term trend line telling the weakness at least in short term. Prices are retesting the Supply Zone and trend line from below, so one can put the stock into their radar and short the stock on seeing the weakness.

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

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.

Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines. Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green ...

One can short the stock at this level for a target of 456 Stop Loss 477. Good Risk to Reward ratio of above 3. Good Luck

The stock is forming a good setup as taught by ALAN H. ANDREWS : Multi pivot line passing thru gap. One can buy the stock at current level or when it trades above 95.50. Stop Loss 87 target 115 which in this kind of setup mostly reaches fast.