Pitchforks
ESCORTS Levels for 11-SEP-20(Intraday) Buy above 1200 for 7,15,30+++
Sell below 1187 for 7,15,30+++
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ESCORTS Levels for 10-SEP-20(Intraday) Buy above 1215 for 7,15,30+++
Sell below 1187 for 7,15,30+++
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ICICIBANK Pitchfork Pattern Elliot C wave correctionICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
LONG SRTRANSFIN AT CURRENT LEVEL, TARGET 750-755 IN 8-10 SESSIONSRTRANSFIN Looks strong at current level from Volume analysis, It also have taken support on Pitchfork levels and turns positive.
Targets are open for 750-755 levels, and can see in coming 8-10 sessions.
LUPIN Levels for 27-Aug-20(Intraday) Buy above 982 for 6,15,25+++
Sell below 972 for 6,15,25+++
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LUPIN Levels for 26-Aug-20(Intraday) Buy above 980 for ,8,18,35+++
Sell below 965 for 8,18,35+++
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LUPIN levels for 20-Aug-20(Intraday)Buy above 990 for 8,18,35+++
Sell below 975 for 8,18,35+++
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LUPIN Levels for 19-Aug-20(Intraday) Buy above 995 for ,8,18,35+++
Sell below 975 for 8,18,35+++
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Lupin levels for 17-Aug-20(Intraday)Buy above 1024 for ,8,18,35+++
Sell below 1006 for 8,18,35+++
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Nifty may see level of 10550-10600 near term, Andrews Pitchfork$NIFTY Andrews Pitchfork
If crossed and stay above Median Line
Nifty may see level of 10550 - 10600
in near term.
Updated on June 21 2020, 9:30pm,
Disclaimer: Only for learning purpose
TCS, PitchForks Chart Pattern, 1hr Chart, Learn and EarnTCS Formed pitchforks chart pattern on 1 Hr chart
Trade: When the trend is intact, prices gravitate towards the median line. Hence, when prices reach the top trend line, take profits or short the market. Also, when prices reach
the bottom trend line, enter a long position, or close a short position.
Target: The targets for "Pitchfork" are usually at the median line. If the price does not stop at the median line, it will tend to move to the lower trend line (for shorts) or move to the upper trend line in case of a "long"
trade.
Stop loss: For "short" trades, place a "stop" order above the upper 'pitchfork" line, Similarly, for "long" trades, place a "stop" order below the lower pitchfork line
Nifty SHORT Island Reversal & PF After a vertical fall Nifty retraced to 50% and now giving an opportunity to short it. High of yesterday could work as stop loss and one can expect the target of 8700/8400 which offers a good risk to reward ratio.
Bajaj Auto nearing 100 EMA resistanceHuge buildup in Future and OI. Bajaj Auto nearing 100 EMA resistance.
Watchout for correction . In case volume increases it might break 100 EMA resistance.
Regards,
Note:- For Educational purpose.
A Pitchfork on Wipro Long term CAGR of Wipro = 8%
Typical cycle variation = 100 points over 48-60 weeks
Positional Suggestion : Buy/Sell 25 pts away from central trend line. Typical period 75-90 days.
NSE:WIPRO
