praveen.bhatiya

praveen.bhatiya Updated 

The stock has formed a classical Head & Shoulder Pattern and trading below the neckline. One can expect the price in price range 3200 - 3175 in coming days. It does not need much explanation.

praveen.bhatiya

Option strategy in TCS ahead of result on 11.01.18 1. Sell 2750 call at 47 and 2650 put at 38 each one lot 2. Buy 2800 call at 31.90 and 2600 put at 23.95 each 2lots Funds requirement Approx 6675 Margin required = 140000 Time of holding: 3 to 5 trading days. Book profit if price fall below 2550 or rise above 2830. Book loss if consolidate in the band of 2650...

praveen.bhatiya

I like this pattern for its reliability and fast achievement of target. The pattern has given breakout today and we can expect the prices around 47 withing a week time.

praveen.bhatiya

Action/Reaction set is suggesting that the price has reached at the level where a reaction is expected. This setup is more reliable if the CL is passing thru a gap. One can take advantage of this setup in their trading either by booking profit in their existing long position or by initiating a fresh short trade here. Newton Law of physics works nicely on prices...

praveen.bhatiya

The stock has formed a parallel channel which got broken decisively now it is retesting it from above giving another opportunity to buy it. Stop Loss the low of today's bar target 625 offers good risk to reward trade.

praveen.bhatiya Updated 

Bollinger Bands Squeeze is a powerful yet simple trade setup. One can identify the Squeeze when bandwidth is at around 6 months low. One can enter the trade when price starts trading out of the band. Mostly this setup rewards the trader nicely as one enter the trade early with small stop loss of one candle/Bar and ride the swing. The stock has given the breakout...

praveen.bhatiya

Mostly triangle pattern gives the target fast as it is formed like squeeze. Fast movement happens after a breakout. This classical pattern does not require much explanation.

praveen.bhatiya

I have observed a nicely formed Diamond pattern which is ripe to give breakout so one put it into their radar and take appropriate action timely. Aggressive trader can short at opening tomorrow as retesting the boarder of the pattern however defensive trader can trade on breakout.

praveen.bhatiya

Although the Action/Reaction method as taught by Andrews is a very good trading setup but is less known by Indian traders so am explaining it step by step. First we draw a Multi Pivot Line : A line drawn across 3 or more pivots without touching prices in between. The next step is to locate a previous low or high pivot point to use for drawing an action...

praveen.bhatiya

Prices are forming classical Triple Top pattern clearly so one can trade this nice setup. One can short the stock now with tight stop loss of little above the pattern boundaries on closing basis. Sometimes this pattern works as continuation also so let's see how it develops.

praveen.bhatiya

Prices are caught nicely by the Pitchfork having multiple touches on handler. We can expect the price to touch the Median Line so one can go long now by providing a initial stop loss of 113 on closing basis. One can continue the trade with trailing stop loss for ML touch.

praveen.bhatiya

The stock has nicely formed parallel Channel and gave valid breakout. It is retesting the upper line from above. Today's engulfing showing buyers are emerging at this level. One can buy the stock at current level providing stop loss of low of today and can expect the target of 90. It offers a good Risk of Reward ratio.

praveen.bhatiya

The stock has nicely formed Wolfe Wave pattern and today's engulfing makes it a candidate for long. One can buy the stock for a target of 170 by providing a stop loss of low of today on closing basis.

praveen.bhatiya

The stock has formed a beautiful flag pole and it seems to giving breakout today after 3 days of consolidation with low volume. One can buy the stock for good returns for a target of 1250 by providing the stop loss of 1148.

praveen.bhatiya

Price formation qualifies of a short as per Victor Sperandeo 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with stop loss of just today's high. Risking the small amount gives an opportunity for a decent Risk to Reward ratio.

praveen.bhatiya

It seems that stock has been good accumulated formed triple bottoms and now wants to rise. It has closed above the neckline giving the breakout and successfully retested it. One can buy the stock for a target of 750 - 775.

praveen.bhatiya

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

Very simple setup one can trade to make fast profit. The Stock has formed a bullish Doji Star pattern at a good support line so one can take chance with Stop Loss just below the 560 level on closing basis. We can expect a target of 625.