praveen.bhatiya

praveen.bhatiya Updated 

Nifty is showing weakness and a reasonable shorting is possible at this level, touched the ML, Fib resistance and bearish Candles formations. One can short the Nifty with very small short loss of little above the current high and can expect a good risk to reward Trade. Wishing you all the best.

praveen.bhatiya

The chart has formed clear reversal Head and Shoulder pattern, trader can use it for their trading.

praveen.bhatiya Updated 

The stock has formed rectangle nicely with alternative touches. It has given breakout the upper line which got retested. It seems a good setup to trade the stock with small stop loss and reasonable good Risk to reward ration. One can trade the stock Entry 1915 SL 1840 Target 2200 Risk/Reward Ratio 3.80 Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

Bank Nifty has formed a beautiful channel which offers a short trade at current level as it has touched the upper boundary and traded above it but closed below and the red candle have confirmed it. So One can short it at the current level with SL of recent High. It offers a good Risk to Reward Ratio. Entry 20800 SL 22150 Target 17200 Risk/Reward Ratio...

praveen.bhatiya

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.

praveen.bhatiya

Bank Nifty has clearly formed the 3 Drive at bottom pattern and showing Divergence. Those who prefer to take risk can put it the index on radar and initiate a long trade. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

Index has formed a bullish Wolfe wave and it seems to be in action right now. Which offers a good Risk to Reward of above 3.5 at current level. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

The Chart has nicely formed the Head & Shoulder pattern and closed below the Neckline. It seems a valid pattern that gave breakout and one can use the current pullback to short the index for a good risk to reward ratio.

praveen.bhatiya

This Classical Pattern does not require any explanation. Just posting for my friends to take the trade accordingly.

praveen.bhatiya

Price movement at the current level makes the chart very interesting. It has formed Descending Scallop pattern and gave breakout with good volume that could have drag the prices to 120 level. However it made a strong bar yesterday and thus formed divergence in RSI oversold Area. So I would prefer to consider it a failed Scallop breakout pattern and look for a...

praveen.bhatiya Updated 

The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above...

praveen.bhatiya Updated 

The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here. Disclaimer : All ideas are my personnel view. Please take financial...

praveen.bhatiya Updated 

Up sloping Pitchfork is capturing the frequency nicely and thus offering a good trade with small stop Loss. One can trade it in the following manner Entry 732 SL 724 (closing below on hourly basis) Target 760 Risk/Reward Ratio 3.50 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock has nicely formed Inverse Head & Shoulder Reversal pattern and trading above Neckline. This simple classical pattern does not require any explanation to trade. I have found and posting here to trade and make profit from it. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this Entry 880 SL 868 Target 9455 Risk/Reward Ratio 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of...

praveen.bhatiya Updated 

I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under Entry current Price 425 SL 405 Target 497 Risk/Reward Ratio 4.4 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.