praveen.bhatiya

praveen.bhatiya

The stock has formed Broadening Bottom Reversal pattern and today broke the intermediate term trend line thus confirming that downtrend in this stock is over, so one can consider going long/investing. I think low of the today's bar may protect so I would go long now or on dips providing the SL of 465 and expect the price in the range of 560. Disclaimer : All...

praveen.bhatiya

Doctor Andrew has mentioned a reliable method which is used to find the area where price get a reaction from the prevailing trend. Although the stock is falling vertically and have already given 33% in just 6 bar and the market is also in turmoil but still we can test its reliability on it. Please learn as it can improve the trading significantly. step by step...

praveen.bhatiya

I've observed that every time stock comes out of RSI oversold zone it makes nice up move. On the chart it has always rewarded well. I've excluded 2 incidents because it was done with spike bar. Let's use this information and expect that history repeats again and reward us reasonably.

praveen.bhatiya Updated 

Stock has formed the pattern nicely one can observe the exactly same bar distance for 2nd and 3rd leg. This symmetry is very important for this harmonic pattern. One can buy the stock now expecting the pattern to work. Entry 27500 Sl 26500 Target 29170/31000 Disclaimer : All stock recommendations and comments are my personnel view please take financial...

praveen.bhatiya Updated 

The Pitchfork is catching the frequency of price movement nicely with multiple touches on handler & on Lower Median Line. One can buy the stock now. Target Median Line that is 61.8% of the swng Entry 480 SL 465 Target 513 Risk to Reward 2.20 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.

praveen.bhatiya

The stock was in downtrend has given breakout from descending Triangle pattern. Price made a strong Bullish Three Line Strike which is a reliable pattern that too is at the Price Reversal Zone of AB = CD harmonic pattern . The reversal got resisted at the previous support line and affected by volatile budget session. Let's put it into watch list and observe the...

praveen.bhatiya

The stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for...

praveen.bhatiya

The stock is moving in the Rectangle nicely so one can buy at the bottom and reverse the trade in case it does not sustain and breaks out of the channel.

praveen.bhatiya Updated 

Victor Sperandeo 2B Pattern is an easiest yet effective method that offers a low risk reversal trade. Price closed above the previous high yesterday but got rejected immediately and closed below the low of yesterday thus formed 2B pattern nicely. One can short the stock with stop loss of just yesterday's high. Risking the small amount gives an opportunity for a...

praveen.bhatiya Updated 

The stock has made a bullish engulfing at significant demand zone which is exactly at 61.8 fib level of the last move. It looks like Buyers are entering at this level so one can buy the stock at this level.

praveen.bhatiya

Auro Pharma has announced 07.02.18 for results and the budget is on 01.02.18 so one can avoid the risk of volatility. The price has already moved down by 10% in last month. In this situation one can try the following strategy : 2/1 ratio call spread and put spread: a. Buy 660 call 2 lots 14 to 17 range (Current-Price 15.20) b. Sell 640 call 1 lot 21 to...

praveen.bhatiya

The stock has made classical double top pattern and broke the neckline. This simple pattern does not require any explanation however in case of doubt or your experience with it you can write in comments.

praveen.bhatiya

The stock is forming Broadening Bottom pattern nicely so one can take advantage of it. It is showing strength at the third touch so can buy the stock now with small stop loss.

praveen.bhatiya

The bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms. The symmetry is very important for this pattern and its clearly visible in this case. Although the stock has already reacted from the third bottom but yesterday news based pull back could be used to enter the stock. Entry : 69.75 Stop...

praveen.bhatiya

The stock is forming Inverse Head & Shoulder and is approaching to give breakout. One can put it in their watch list and take timely action accordingly.

praveen.bhatiya Updated 

Classical Flag pattern gave breakout on 15.01.18 so the pull back could be used to enter the trade. Action/Reaction set is also pointing the same target as Flag. Entry 410 - 411, Stop Loss 404 Target 432.50. Risk to reward ratio 3.14. FO market lot 1300

praveen.bhatiya

One of the pattern that occurs very often is the range. One can trade it easily this formation using only price action without any help from indicators or other studies. Whenever the price breaks out of the range in either direction we can look for entry into the trade. There are 3 ways to enter marked in the chart. 1. Enter on the breakout. 2, Enter on the...

praveen.bhatiya Updated 

Clearly divergence in MACD and RSI are telling the forthcoming weakness that too at the level of multiple resistance so one can take chance by shorting the stock. STOP LOSS Little above the recent high. Just to mention that divergence at the top are relatively tricky comparing to formed at bottom.