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Pitchforks

JAIN IRRIGATION DVR on a downtrendNSE:JISLDVREQS BSE:JISLDVREQS Present scene.. 1.The Kumo cloud in the weekly will give temporary support to the falling prices .. 2.The Price action is present between weekly support S1 and weekly pivot 3.The 0.283 arc support 4. Median line of pitchfork , price magnet theory.. 5.Fibo support of 0.5BC of the Reciprocal ABCD... Why crack down expected... 1.The is a small kumo cloud escape zone 2.A Reciprocal ABCD is expected to form 3.Expanding wedge 4.The 0.382 arc is the actually support arc waiting... 5.Price failure theory if andrew pitchfork 6.Bearish Divergence The downside is expected to halt at the green 0.382 line of the pitchfork , which also completes the reciprocal ABCD formation and is the 0.618 support arc, also validated by the 0.786BC of the reciprocalABCD and weekly support S2.. And as this is a bullish reciprocal ABCD , a upmove is expected to start after the downside , whose primary resistances can be expected to be at 0.382DC and 0.618DC respectively.... Disclaimer... this is not a time dependent analysis....No current investment This is not an investing/trading recommendation....
NSE:JISLDVREQS
by capsule91
TATA POWER RELOADED..C point of butterfly validity check... 1. current C point is on a 20months trendline (0.5AB) 2. if breaks the next stop is on the median line of the pitchfork (0.618AB) CD up leg validity check.. 1.Bullish reverse divergence on RSI 2. probable cypher in formation Potential reversal zone limit estimated at 1.27XA of the butterfly... reversal pathway estimated in supports of 0.382AX and 0.618AX of the butterfly in conjunction with the pitchfork levels.. Disclaimer .... invested.. this is not a trading/ investing recommendation.. do your own analysis...
BSE:TATAPOWER
by capsule91
Jindal Saw on the Bull rollNSE:JINDALSAW 1.maintaining the long tendline support and also the median pink line of the pitchfork 2.Bullish reverse divergence on RSi 3.Red levels mark the weekly resistances, blue is the pivot and green level is the resistnce 4.the last time the bullish divergence fuelled the price upwards to be halted by the blue 618line of the pitchfork, likely to be repeated 5.will form a double top in the after match, or a future head and shoulder 6.the take profit level is said to be the traditional resistance level, with the blue resistance 618 line of the pitchfork and also the 786reversal level of the abc fibo trendline... .the pitchfork is shown here in a macroscopic way. .https://in.tradingview.com/x/bMiTpPkc/ Disclaimer... this is not an investing/trading advice, do your own analysis
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by capsule91
Parallel Channel & PF Trade SetupParallel Channel is capturing the price movement nicely and incidentally the PF is also having the same frequency thus confirming of its reliability. Bottom trendline of the channel is working as inner sliding of LML. One can buy the stock now or on seeing some sign of strength by providing the stop loss of 374. Entry 385 Sl 374 Target 420 Risk/Reward 3 Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
NSE:ARVINDLong
by praveen.bhatiya
29
PF trade at UML Inside Bar.2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median Line. Disclaimer : All stock recommendations and comments are my personnel view, please take financial consultancy for trading decision.
NSE:APOLLOTYREShort
by praveen.bhatiya
Pitchfork & Double Bottom/Engulfing.I've observed Pitchfork is capturing the price movement nicely and demand is visible as the price is forming the second bottom thus giving a swing trade opportunity by providing a small stop loss. One can go long now(Aggressive) or defensive trader should wait for closing of this bar. If it remains an bullish engulfing just place the buy order in coming days little above the high of today. This way entry would be little higher but more reliable. Entry 116 Sl 111 Target 124/130 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
NSE:GRANULESLong
by praveen.bhatiya
Where would free fall arrested: PRZBanknifty has fallen almost vertically 10.4% in last 16 bars, so natural question is where would this free fall got arrested. We can try to find the answer in the light of Action/Reaction method. There is a beautiful center-line(Multi-Pivot Line) with 5 touches so it could be considered reliable. AR set based upon it is suggesting that we are now close to the zone where price may reverse the current down trend. Some other studies are also confirming the same which I would mention either in comments or in other post. Let's see how market respond to this PRZ.
NSE:BANKNIFTYLong
by praveen.bhatiya
1