praveen.bhatiya

praveen.bhatiya

Andrews Action-Reaction methods suggests a short at this level. We have observed a good Multi Pivot Line which can be used as a Center Line. We can expect an reaction from the current level so the stock may be shorted here with the recent high as stop loss.

praveen.bhatiya

The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern...

praveen.bhatiya

The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck

praveen.bhatiya

Wolfe wave is one of my favourite trading patterns as it works mostly, provides good Risk to reward ratio and is fast. Posting a nicely formed pattern for my mates wishing that it rewards them nicely on Diwali. Entry now or wherever Stop Loss of 3210 is affordable Target range 3050 - 3100.

praveen.bhatiya

The stock has formed Rising Wedge and showing continuous divergence. One can short the stock with small SL of high of today for a target of 440 which offers a decent Risk to Reward ratio. Wishing all the mates Happy and prosperous Diwali..

praveen.bhatiya Updated 

The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High yesterday thus triggered the buy signal. The patterns is very reliable so one can take advantage of it. One can expect the target of above 145. Theoretically one should provide the stop loss below 124 on closing basis however I would trade it with Stop loss of 127. One...

praveen.bhatiya

Action Reaction is beautifully aligned with the down sloping Trend line. RSI is in overbought showing divergence. Set up seems to be ready for a short and let's hope for a good trade.

praveen.bhatiya

Nifty hourly chart clearly made double top and broke the neckline. It seems that downtrend is not yet over and we may see even lower level in coming days. I would observe 9966 - 9990 price Zone and short there on weakness anticipating the 5th wave to work for a good risk to reward trade.

praveen.bhatiya

Pitchfork is capturing the price movement beautifully with multiple touches. It is testing/retesting at UML now giving an opportunity to short the stock. One can observe the price at this level & on seeing the weakness short it with small stop loss.

praveen.bhatiya Updated 

The stock has formed 3 Drive on Top pattern and we can see the similarity at distribution Zone at top 2 and 3. It is also touching the upper Median line thus giving a good entry for shorting the stock. Those who could afford the stop loss of 745 can short it now and expect a target of 650.

praveen.bhatiya

The stock price movement have formed a beautiful MPL which suggest price may reach till the Reaction line. It has also broken the median line and retesting it now from below. One can short the stock now for target around 306.

praveen.bhatiya

Banknifty is forming bullish Wolfe wave so one can put it into their watch list and execute the trade timely. The pattern target is above 23600. The pattern is quite reliable and mostly provides good risk to reward ratio. Good Luck

praveen.bhatiya

Trading mates can take advantage of classical Head&shoulder breakout on the chart. It is retesting the Neckline from above now. Good Luck

praveen.bhatiya

The stock has nicely formed Diamond pattern so one can put the stock in their watch list and trade accordingly. Good Luck

praveen.bhatiya Updated 

Dr Andrew's Pitchfork trading method suggest to go long at the current level. PitchFork is capturing the price movement well so entry at Lower Median Line can generate a good profit as we can expect the price to reach the Median Line around 2290. Today's bar is significant as it tried to retest the Lower MLine and bounced back from there, confirming the strength.

praveen.bhatiya Updated 

My experience tells that simple classical patterns work mostly and reward good, therefore, I am suggesting today a very Simple Channel breakout long trade setup. It does not require any explanation however, if there is any query please post it in comments.

praveen.bhatiya Updated 

The stock seems to be in demand zone and getting support from trend line. The Pitchfork is catching the price behaviour beautifully so we can expect a rally till median line. Stop loss of Low of yesterday is quite small affordable so one can buy the stock now for a target of 290.

praveen.bhatiya Updated 

The stock has formed a clear classical double top reversal pattern and traded below the neckline yesterday. It would offer a good short trade in coming days. It is one of the most simple pattern so need not much details. Have a good profit.