praveen.bhatiya

praveen.bhatiya Updated 

The stock has broken the short term trend line which was working nicely so far. This MultiPivotLine could be used to draw Action Reaction set. We can frame a short trade on this setup. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

"Three Stars in the South" is one of the most reliable bullish reversal pattern but it does not form very often. Identification criteria is as under. The market is in a downtrend; The first candle is black with a long real body, long lower shadow, and no upper shadow; The second candle is black with a shorter real body and a higher low than the first...

praveen.bhatiya Updated 

Victor Sperandeo 2B Patterm buy trade on 15M chart so short term day trade only to add quick money to your trading account. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Although the trend is down and one no confirmation of reversal yet still one can use the setup to go long at rectangle bottom to generate some profit fast. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Parallel Channel is capturing the price movement nicely and incidentally the PF is also having the same frequency thus confirming of its reliability. Bottom trendline of the channel is working as inner sliding of LML. One can buy the stock now or on seeing some sign of strength by providing the stop loss of 374. Entry 385 Sl 374 Target 420 Risk/Reward...

praveen.bhatiya Updated 

2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median...

praveen.bhatiya Updated 

The stock is clearly in strong uptrend. Recently it has formed a perfect Pennant pattern and gave breakout yesterday with good volume by closing above the pattern high. The pattern looks promising moreover this small pattern gives fast result. One can enter the long now or on small pull back for a target of around 900. Disclaimer : All stock recommendations and...

praveen.bhatiya Updated 

The stock has nicely formed Broadening Top (Megaphone) Pattern and gave the breakout today. It has also broken the medium term resistance of 1274. Although it is trading above another resistance of 1330 but still a threat on the onward journey. One can use the setup to go long by providing a SL of 1310 on closing basis. Disclaimer : All stock recommendations and...

praveen.bhatiya Updated 

The stock has nicely formed Broadening Top (Megaphone) Pattern which could be traded. There are 2 ways to trade 1. Selling at the top when it starts moving down at top after touching the trend line and vice versa. 2. Break out in any direction also gives an opportunity to trade. It works as a trend reversal and gives downward breakout after forming the 5...

praveen.bhatiya Updated 

Nifty seems to making Big W pattern which is valid only if price closes above the confirmation line however swing trader can trade it now and ride the price upward till the confirmation line. IF price drops below the low of today one should close the position immediately. Mostly price stalls at the confirmation line for some time but if it trades above it one can...

praveen.bhatiya Updated 

I've observed Pitchfork is capturing the price movement nicely and demand is visible as the price is forming the second bottom thus giving a swing trade opportunity by providing a small stop loss. One can go long now(Aggressive) or defensive trader should wait for closing of this bar. If it remains an bullish engulfing just place the buy order in coming days...

praveen.bhatiya Updated 

Prices were compressed between two converging trend lines thus nicely formed Descending Triangle and gave breakout. Alternate touches on both sides with less white space makes it perfect so one can trade this pattern. RSI is also above 50 confirming the trade decision. Entry 3000 Sl 2960 Target 3080 Risk/Reward 2 Disclaimer : All stock recommendations and...

praveen.bhatiya

Banknifty has fallen almost vertically 10.4% in last 16 bars, so natural question is where would this free fall got arrested. We can try to find the answer in the light of Action/Reaction method. There is a beautiful center-line(Multi-Pivot Line) with 5 touches so it could be considered reliable. AR set based upon it is suggesting that we are now close to the zone...

praveen.bhatiya Updated 

The stock has made a bullish Morning Star at a significant area where price may get a reaction(). RSI is also showing bullish divergence so one can initiate long trade risking small money. Entry 605 Sl 580 Target 655 - 650 Risk/Reward 2 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Price has been moving in Rectangle pattern with multiple touches on both sides. It's a tall pattern with the width of 80 points so one can trade it like : buy at the bottom and sell at the top one, then reverse the trade. Previously it has given only one single touch on both sides but this time it has consolidated long. It is making divergence and today's...

praveen.bhatiya Updated 

The stock has broken a long term trend line. It could retest it from below and continue the bearish downward journey. One can easily expect the target of range doubling zone.

praveen.bhatiya Updated 

The stock has broken beautiful center line which could be used for making a Action/Reaction set as explained by Andrews. Today's spike could be due to high volatility in the opening session. Demand is seen at that level. RSI reading above 50 is also confirming the decision so one can go long with following Entry/SL/Target. Entry 1145 Sl 1105 Target 1225 -...

praveen.bhatiya Updated 

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...