Please refer the chart for analysis. Thanks.
Please refer the chart for analysis. Thanks.
Please refer the chart for analysis and trade levels.
The 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...
Please refer chart for analysis and trade levels.
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.
Although 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...
TITAN 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.
Prices 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.
Ready For Symmetrical Triangle Break Out. Closed Above Resistance Area. Above EMA. Details mentioned in Chart. I am not SEBI Registered Financial Advisor.
Andrews 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 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...
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. 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...
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.
Psychological 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: @...
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.