NNiveshak

NNiveshak Updated 

JKPaper is looking to Breakout after recent consolidation period. It is seen making a strong bullish candle right on the lower median line of the pitchfork 1. price is above long term moving average of 200SMA ✔ 2. Price is above short term moving average of 50 SMA✔ 3. Uptick in RSI ✔ 4. bullish MACD signal✔ 5. above average volume✔ T1:285 T2:330 SL 215 **I...

NNiveshak Updated 

Bouncing off the lower median line of pitchfork on good volume. Target: central median line or red dash line **I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)

NNiveshak Updated 

Graphite made a strong bullish engulfing candle on good volume after consolidating for last few days around the lower median line of the pitchfork. 1. price is above long term moving average of 200SMA ✔ 2. Price is not above short term moving average of 50 SMA ❌ 3. Uptick in RSI ✔ 4. bullish MACD signal✔ 5. above average volume✔ Target is the central median...

NNiveshak Updated 

if you club the price action of the two recent candles (22nd and 23rd) as one single candle i think we have a valid morning star. 1. price is above long term moving averages of 150 and 200 SMA ✔ 2. Price is not above short term moving average of 50 SMA ❌ 3. Uptick in RSI ✔ 4. MACD Ok ✔ 5. price breaking out from triangle pattern ABC ✔ 6. above average volumes...

NNiveshak

1. Bouncing off the lower median line of higher TF pitchfork and daily TF pitchfork 2. Break out and last kiss from down sloping trendline 3. higher than avg volumes **I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)

NNiveshak Updated 

On Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal. **I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as...

NNiveshak Updated 

a thing which struck me about this scrip was how beautifully in sync the higher and lower timeframe pitchforks are. Moving as one. The scrip formed a bullish harami/doji right on the lower parallel line with a long lower tail. So the recent correction maybe over? Next couple of days should be interesting.Will keep an eye 👀 **I will be posting ideas for my...

NNiveshak Updated 

I do not track this scrip:NASDAQ but I just wanted to take a look after the recent big gap down and it surprised me how well it seems to be following the basic pitchfork trading theory The points mentioned on the chart correspond to the following rules: (0) prices at any point will gravitate towards the median line (i) price after reaching the median line will...

NNiveshak Updated 

Venkeys formed bullish kicker candle on above average volumes, right on the lower parallel line of the pitchfork and looks set to breakout above the recent consolidation range. Stock is above 150 & 200 SMA ✅ MACD and RSI are A-ok ✅ CMP 3060. My Short term target 3780 (or maybe i'll trail until it hits the median (center) line depending on the strength shown) SL...