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Pitchforks

Quick gains off Nifty Infra Bullish cypher with bullish divergence, a sweet spot for a blast.. Also the D point is cushioned in ichimoku kumo clouds and presently at pivot.. The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides.. But i expect there will be a bit of correction i the lines of 10 to 15 percent after this, as i think the failure of the bearish butterfly was due to the formation of a Extreme bullish Harmonic Impulse...(which have been marked in softer slate grey lines) Disclaimer..this is not an investing/trading recommendation
NSE:CNXINFRA
by capsule91
The Wait of a Sniper for the Correct OpportunityBITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD Chart break down.. WE are at.. 1.Fibonacci S2 support 2.Falling wedge 3.Entered the PRZ(potential reversal zone) of the Bullish BAT 4.Constantly being rejected by the ichimoku kumo and the resistance doowntrendline 5.Touch n bounce from the median like of the pitchfork Indications for a likely uptrend uptrend 1.Bullish bat formation with price in the PRZ 2.Bullish divergence in the daily chart 3.Price magnet theory of the pitchfork, where the median line touch to reflect the price to the outer median line of the pitchfork Points of confirmation of reversal up.. 1.Bullish divergence? 2.PRZ breakout? 3.Falling wedge breakout? 4.Any other breakout patterns which may form? 5.Breakout to be confirmed by High volumes and persistent Change in Momentum Direction of On balance Volume 6.Breakout of the Ichimoku Kumo from the prz Points for failure of structure.. 1.BAT PRZ limit broken with confirmed break pattern with volumes 2.Falling wedge continues beyond the Median line of the Pitchfork 3.Price magnet/Price failure theory of pitchforks 5.The weekly S2 support broken 6. Persistent resistance from the Red Kumo even in the PRZ and beyond Disclaimer...Not an investing/trading advice....
BITFINEX:BTCUSD
by capsule91
A Quick ride from the TATA MOTORS DVR-Food for the bear market!1.Bullish reverse divergence 2. Expected support from the ML touch of the pitchfork 3.Take profit level chosen conservatively in the 0.382 fibo level of the bounce intra kumo cloud... 4.There is a possibility of piercing the kumo and reaching the 0.618 level but i wont count that, as there are too many trends to breakout from, and specially when the broader market sentiments are doubtful in the long run, and no fundamentals in sight, except q4 numbers... we have to watch an CANSLIM it to the pattern we are receiving here.... Disclaimer... Trade active....Not an investment/trading recommendation.....
T
by capsule91
LT Food-Not at all a Bad food for the Bear market..!NSE:DAAWAT Pitchfork Play + Kumo cloud support + expected formation bull Gartley/Bat + Support from the weekly pivot and ML pitchfork+ projectile to outer ML of Pitchfork/0.618XA of the harmonic in formation/R1 resistance by traditional system... Also note the 200MA (daily)(this is a weekly chart so using 40 as data to match the same) is moving to intercept our bounce levels where it is expected to support the price action for the oncoming projectile throw.. Disclaimer... Invested with occasional trading... This is not a time bound analysis.... This is not an investment /trading advice..
NSE:LTFOODS
by capsule91
10
Aksh Optifibre- A great compounder and multibagger of the futureSchiff Pitchfork ML play + traditional pivot and fibonacci systems used to find levels.... Kumo cloud of ichimoku is provided in the chart which is derived from the weekly chart.. There are 2 possibilities of the track of the price action to go, we will have to watch how the weekly pivot is held/broken... If the weekly pivot is broken the daily S3 support is expected to hold the price which also corresponds the 1.618support of a fibo ABC drawn.. Disclaimer.... No current investment, interested in the fundamentals of the business and looking to bottom fish... Not an investment/trading recommendation..
NSE:AKSHOPTFBR
by capsule91
HIKAL-A Fair Compounder with limited downside riskSchiff pitchfork median line testing Weekly support S1 marks the short term downside limit Bullish Reciprocal ABCD has completed formation Upside to be effected from the bullish RABCD and the ML to ML swing in the pitchfork... Upside to be halted in pivot region where there can be further volatility and is considered as a safe take profit zone, and then upside might be halted by the weekly R1 resistance, calculated using the traditional system Here is the pitchfork idea in the weekly chart.. Disclaimer.. No current investment, watching reversal to enter... This is not an investment/trading recommendation
NSE:HIKAL
by capsule91
Humpty Dumpty About to fall- A modest compounder in makingNSE:SBIN BSE:SBIN The Reverse symmetrical triangle about the break after no support from weekly S1 level The next support as mentioned in the weekly also corresponds to be between 0.786 and 0.886 of the Fibonacci series ABC, also corresponds to be near the 618 or outer ML of the pitchfork.. Following the price magnet principle, the action is expected to go back to the median line of the pitchforkwhen the fibo level of 0.618 is expected to give resistance.... Also there is a Bullish Cypher in formation formation, with complements the theory.. Disclaimer.. Not invested but interested to bottom fish.. This is not a time dependent analysis This is not an investing/trading recommendation
NSE:SBIN
by capsule91
1
PTC INDIA- A Potential Compounder in Making1.Reciprocal Bullish ABCD formation almost complete near the weekly support S1 2.Reversal to be impulsed back to the Median line of the pitchfork according to Price Magnet Theory 3.Several levels including weekly resistances and Fibonacci levels of BCD 0.73% , taking D point in the weekly support S1 , has been taken in correspondence to the pitchfork 4. Bullish Reverse Divergence on RSI oscillator validates the upmove projection Disclaimer... Invested and averaging down... this is not a time dependent analysis Not an investing/trading recommendation..
BSE:PTC
by capsule91
A Modest Compounder -Ganesh Benzoplast LtdGANESH BENZOPLAST 1D BSE Present situation... 1.Symmetrical triangle 2. Last uptrend rejected by the Kumo Red resistance cloud and heading downwards 3.Last stupport was taken on the weekly pivot level 4.Impending triangle breakout, marked by nearing apex and lower volumes inside the triangle... Symmetrical triangle breakout.. Bearish breakout is likely die to the following reasons.. 1.The red kumo daily cloud has rejected and has formed a persistent red cloud over the price which is likely to get rejected again if approached 2. 2 different ABCD formation is likely with the lower C point yet to be confirmed before the CD leg, the C point is expected to form below the triangle 3. The weekly pivot marked in red horizontal line is below the triangle 4. the weekly ichimoku kumo green support cloud is way below the triangle.. 5. the price failure theory of the pitchfork median line So we have an intratriangle resistance, and all the supports below the triangle .. So a breakdown is likely... The breakdown is to take support from either the weekly kumo cloud out or inner margin or the weekly pivot point The next uptrend is probably because.. 1. the price magnet theory to the pink median like of the schiff pitchfork 2.support and bounce from the weekly kumo cloud 3.ABCD formation 4. Bounce from Pivot to resistance(weekly) The upward initial limit of the bounce is assessed with the fibonacci levels of the ABCD and a little higher than that is the weekly R1 resistance ... LAstly, the fibo arcs beautifully confirms the projected sequence of events taking place at the breach of each arc, as has been the case previous when the price was inside the triangle... Disclaimer... No current investment, interested and tracking fundamentals.. this is not an investing/trading recommendation.. this is not a time dependent analysis The scale is being shifted on publishing the idea and the arcs are getting messed up, so here is a screen shot of the arcs to the original scale i was working with...
BSE:GANESHBE
by capsule91