Three Drives

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praveen.bhatiya praveen.bhatiya CENTURYTEX, D, Short ,
CENTURYTEX: SHORT 3 Drive Pattern at Top
68 0 5
SHORT 3 Drive Pattern at Top

The stock has nicely formed bearish 3 Drive pattern. The last candle is Doji which shows indecision but need confirmation. One seeing the weakness it could be shorted with very small Stop Loss of just little above the recent high on closing basis. Mostly, this pattern rewards decently and that too in reasonable time.

praveen.bhatiya praveen.bhatiya CANFINHOME, D, Long ,
CANFINHOME: Buy Bullish 3-Drive Pattern with Divergence
102 6 6
Buy Bullish 3-Drive Pattern with Divergence

The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern ...

Einstein15 Einstein15 TOP INFY, 60,
INFY: INFY Channel Breakout
176 0 10
INFY, 60
INFY Channel Breakout

INFY is moving in a channel for a while, a nice Three drives pattern. Currently on the edge, awaiting a breakdown/reversal post results Notice the steep fall on the last leg compared to previous ones.

praveen.bhatiya praveen.bhatiya NIFTY, D, Short ,
NIFTY: NIFTY SHORT :Harmonic 3 Drive Pattern
178 0 4
NIFTY, D Short
NIFTY SHORT :Harmonic 3 Drive Pattern

The Index has formed Harmonic 3 Drive Pattern at the top of the rally and clearly Showing RSI Divergence showing weakness in the coming days. One can short it with appropriate stop loss. As mentioned in my earlier post that Divergence made at the top are little tricky compared to the one formed at the bottom. Good Luck

ashwinkpes ashwinkpes GLENMARK, D, Long ,
GLENMARK: Three drive pattern - Glenmark- Long traget 915-918 SL 840
62 2 2
Three drive pattern - Glenmark- Long traget 915-918 SL 840

Three drive pattern found in Glenmark. Go long with SL 840 for a target between 915-918

praveen.bhatiya praveen.bhatiya LT, D, Short ,
LT: Larsen & Toubro 3 Drive SHORT
123 7 5
LT, D Short
Larsen & Toubro 3 Drive SHORT

The stock is nicely formed 3 Drive pattern so it may bring halt to the ongoing uptrend. Today's Bearish Engulfing and RSI reading are also confirming the short trade. One can short the stock with appropriate Stop Loss.

praveen.bhatiya praveen.bhatiya VOLTAS, D, Short ,
VOLTAS: VOLTAS Short 3 Drive Pattern
164 3 7
VOLTAS Short 3 Drive Pattern

Beautiful 3 Drive pattern is developing in the stock so get ready to take advantage it. Short the stock on first sign of weakness by providing the suitable Stop Loss and enjoy the ride till the price range 345 - 341.

praveen.bhatiya praveen.bhatiya NCC, D, Short ,
NCC: NCC SHORT Multiple patterns !
147 0 9
NCC, D Short
NCC SHORT Multiple patterns !

I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason : 1. The stock is showing good frequency around the lines. 2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal. 3. MACD is showing Divergence & Stop loss is affordable to me so looks ...

praveen.bhatiya praveen.bhatiya IDEA, D, Long ,
IDEA: IDEA Buy : 3 Drives Reversal Pattern
131 2 6
IDEA, D Long
IDEA Buy : 3 Drives Reversal Pattern

3 Drives Reversal pattern offers entry to go long in the stock for a target of around 80. One can adjust the stop loss suitably as per his trading style.

praveen.bhatiya praveen.bhatiya HCLTECH, 60, Short ,
HCLTECH: Harmonic 3 Drive Pattern Reversal !
72 0 4
HCLTECH, 60 Short
Harmonic 3 Drive Pattern Reversal !

Beautiful Harmonic 3 Drive Pattern Reversal offers good opportunity to short the stock at current level. Mostly the pattern works and rewards with reasonable profit. Good Luck

praveen.bhatiya praveen.bhatiya AXISBANK, 60, Short ,
AXISBANK: 3 Drives Pattern Reversal!
67 0 2
AXISBANK, 60 Short
3 Drives Pattern Reversal!

Axis Bank may see a down move from this level as the aforesaid pattern seems to be taking shape.

praveen.bhatiya praveen.bhatiya NIFTY, D, Long ,
NIFTY: Harmonic 3 Drives pattern formed and seems working NIFTY
169 0 5
Harmonic 3 Drives pattern formed and seems working NIFTY

Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.

praveen.bhatiya praveen.bhatiya ARVIND, D, Short ,
ARVIND: Classical Chart patterns in play Arvind
42 0 1
Classical Chart patterns in play Arvind

The chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could ...

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