Pitchforks
ONGC 15Mins - ShortTrade using MedianLine & ActionReaction LinesPlease refer the chart for analysis and trade levels.
Pitchfork TradeThe price movement are captured nicely by the pitchfork. After breaking the ML it has retested it and now bouncing from the ML so price may try to touch the upper Median Line in due course. One can initiate the long trade here with the target as UML.
Entry : 924
Sl : 919
Target : 940
Risk/Reward : 2.5
Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
Action-Reaction & Median Line on Nifty 15 Mins ChartPlease refer chart for analysis and trade levels.
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.
Learning/Trade Action Reaction Set as taught by Dr AndrewsAlthough the Action/Reaction method as taught by Andrews is a very good trading setup but is less known by Indian traders so am explaining it step by step.
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.
One can train his eyes by drawing such set and in case of doubts/questions just ask I would try to reply.
Happy learning and wishing all mates a profitable Prosperous NEW YEAR 2018 .
TITAN Lifetime BreakoutTITAN has been making highs and testing and breaking them lately. Currently approaching the recent highs along the neckline.
Lets see if Pitchfork can play the role.
Nice PF Long entry at LMLPrices 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.
M & M - Symmetrical Triangle.Ready For Symmetrical Triangle Break Out.
Closed Above Resistance Area.
Above EMA.
Details mentioned in Chart.
I am not SEBI Registered Financial Advisor.
SHORT Dr Andrews Action/Reaction MethodAndrews Action-Reaction methods suggests a short at this level. We have observed a good Multi Pivot Line which can be used as a Center Line. We can expect an reaction from the current level so the stock may be shorted here with the recent high as stop loss.
NIFTY with SCHIFF PITCHFORKNIFTY monthly chart as seen after drawing SCHIFF PITCHFORK .
WE can observe few things here:
1) The median line is very strong support and candles in the past clustered around the median line before a bounce.
2) Whenever Nifty went to the +50% line (upper half) it reversed. It happened 2 times, i.e late 2010 and early 2015 (marked for your reference)
3) Most of the times NIFTY has been trading in the upper half of the pitch fork .
4) The angle of inclination of the median line is apporx 14 to 15 degrees indicating slow and steady growth over the years.
Index FnO Rader: BANKNIFTYBANKNIFTY Future Trader should cautious to Long Below 23300 PE, as it can EAT Premium
Closing Below 23248 for two consecutive days will Dip BankNifty to 22710, Even 22398 also.
BANKNIFTY (Spot): Possible Reversal in extreme condition at 23248
BANKNIFTY Future Trader should cautious to Long Below 23300 PE, as it can EAT Premium
Closing Below 23248 for two consecutive days will Dip BankNifty to 22710, Even 22398 also.
As of NOW (at 11.52): BANKNIFTY Spot: 23988, BANKNIFTY Future: 24044
More updates later.
Trade with daily Levels posted Regularly
Title: "BANKNIFTY: FUT+ Spot, At a Glance for Trade Date XX/XXX/XXXX"
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
SHORT: Multiple Resistance Zone 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.
ITC: Bharat-22 ETF Series-1Psychological Analysis:
"GOI today announced the creation of Bharat-22 ETF,
a move that will speed up Centre's disinvestment drive
and bring it closer to the ambitious target of Rs 72,500 cr for 2017-18."
Why Choose ITC as 1st company to analyze?
ITC: ONLY Company Having Double Digit (15.2%)Weight
in NEWLY Launched Bharat-22 ETF.
PRICE ACTION LEADER
LONG: @ 280.75 (LTP)
Best LONG @ 274 to LTP.
Short Term Target Plotted on Chart.
On Pipeline: SBI (8.6%), POWERGRID (7.9%), AXISBANK (7.7%), NTPC (6.7%), ONGC (5.3%), NALCO, BPCL, IOC (4.4%) ......more
Already Published: COALINDIA (3.3%)
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment / Share , If useful & enriched your knowledge.
With warm regards.
DSKF16.
NIFTY / Stock FnO Strategy Part -ICan 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 Decision Consult Financial Advisor.
PVR Limited: Constructive Price Action At SupportThe 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 outcome. Watch this one !
Andrew's PF Short Setup for Intra DayPitchfork 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.
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.
Tata Power: Nice Short-term OpportunityThere 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 parallel of the red trend channel.
Am looking to buy this stock. Plan your trade and position-size judiciously.
Delta Corp: Ptichfork Point to Higher pricesCouple 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.
MCDOWELL_N Pitchfork Buy for decent rewardDr 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.
Power Grid: Looks InterestingPrice 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.
