Pitchforks
MAYURUNIQ: Observation for Investment.Candle Pattern: Harami Cross Bullish.
Volume: More than 3X 20d avgerage.
Observed Divergence in some of the technical indicators & oscillators. ( RSI , MFI, OBV, W%R etc.)
Potentially Strong Above @ 418 - @ 420Treat as Swing Trade Hurdle level.
Once closed above @ 420 with Volume Strong UP move.
Witnessing Strong Volume in Last trading session.
Regular Dividend Paying Company.
...... levels for trade mentioned on chart.
Education purpose only.
NiftyPVTBANK: Responseble for to make New HIGH in BANKNIFTY.Is BANKNIFTY' in Sell on Rise Mode?
Who protect BANKNIFTY' from falling?
#1. NIFTY' PVT' Bank: Struggling - Probability of Flat to "-VE" Return.
#2. NIFTY' PSU' BANK: Exhausted - Probability of "-VE" return.
Education Purpose Only.
DOUBLE BOTTOM REVERSAL/PFThe Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details
Entry 398
SL 379
Target 424/440
PF setup may guide the price movement and target.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Bank Nifty - Pitch Forks Analysis.Positional View.
Other Details Mentioned In Chart.
Risk Reward Favourable.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Action-Reaction setup as taught by Dr AndrewsWe can draw beautiful Action/Reaction setup which is suggesting a price reaction at current level therefore one can book the profit of their long position and be ready for shorting the stock. Those who want to learn and practice it I am giving guidelines as given in his course material
First we draw a Multi Pivot Line : A line drawn across 3 or more pivots without touching prices in between.
The next step is to locate a previous low or high pivot point to use for drawing an action line.
Next, a parallel line was drawn to the right of the C/L, Notice that it is the same distance from the C/L as the corresponding Action line.
The Law of Physics stated by Newton that Action and Reaction are equal and opposite is applied and it works wonderfully.
Please share your experience or doubts here.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Pitchfork Long SetupI've observed the Pitchfork is catching the price movement nicely so we can frame a trade. It has bounced from the lower median line given good opportunity to go long with small sl. One can buy it now for a target of 288.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Small Risk Good Risk to Reward TradeOne can sell BankNifty Future at current level with the following details
Entry 27080
SL 27290
Target 26450/ 26260
RR ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
tech m , weekly levels the stock had not performed yet , and is one of the most badly beaten stocks in the IT sector thus , now to maintain the index the stock need to perform and current structure as far as its above 650 looks very well!
Pitchfork Good Risk to Reward TradePitchfork is catching the price movement nicely. It has broken the LML* but immediately came back into it thus showing the demand at current level. One one can take small risk of low of today as SL and buy the stock. We can expect the target of 46.80 which offers a very good risk to reward, so it looks OK to go for contra trend trade. I am not expecting a trend reversal here just banking upon pull back.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Inverse Head & Shoulder Pattern PF The stock has formed Inverse Head & Shoulder Pattern but its neckline is steep up sloping so seems little tricky to trade it. I would buy it at current level by providing a SL of recent low and look for a target of Median Line touch as Pitchfork seems to be OK. RSI is also above 50 confirming the decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
UPL: Good Monsoon & 2019 GE Lift the Counter.Detailed mentioned & Plotted on Chart.
@ 711 to @714 Crucial.
Above (By Closing) Confirmed Trend Reversal.
PF setup confirmed by Hanging Man Price movements are being captured nicely by a down-sloping Pitchfork. Bearish Hanging Man candlestick pattern is confirmed by red candle today so one can short the stock by providing small SL of 305.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
PF Demand Zone Double Bottom Confluence Pitchfork seems to be catching the price movement well and a good demand is observed at current level. RSI is also out of Oversold zone. Trading setup looks attractive with affordable SL as the details given below
Entry 167, SL 161, Target 186. It is worth taking small risk that offers a good Risk to Reward ratio of above 3.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
PF/RSI reversal setupThe price has been forming Right-Angled and Descending Broadening Formation since last 6 months now it may try to touch the other side of the pattern. Interestingly it makes good up move whenever RSI comes back from oversold zone marked in the chart. Currently it is in the same situation. Pitchfork seems to be good catching the price movement and the trade is available at the Lower Median Line so the SL is affordable. One can buy the stock at current level or on dips by providing low of today as SL. One can expect minimum Median Line touch as target.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Learning wyckoff's methods--A re-look at the Mammoth,CDSLDisclaimer.. Not invested, tracking the fundamentals,
not an investing/trading recommmendation
Updated previous idea...
Small risk 3LR Pattern/PF setupThe stock is in downtrend but it has made a 3LR pattern yesterday. One can use the today's dip to buy the stock for a short term target of 1100 by providing small stop loss of low of yesterday. it offers a good RR ratio of above 3.
Risk 20
Expected reward 65
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Pitchfork Short at UMLPitchfork is catching the frequencies of price movement. It has retested the Upper Median Line and engulf the previous bar. It looks a good setup to short the stock for a target of 512.50. RSI is also confirming the shorting.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Engulfing @ significant ZoneIt seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
