praveen.bhatiya

praveen.bhatiya Updated 

The Chart is having multiple Resistance at this level. Yesterday's price movement at double top region is suggesting a potential short. Pitchfork handler is showing good frequency around it so price may follow it. The Trade is available with small Stop Loss so worth taking risk.

praveen.bhatiya Updated 

The stock is forming Irregular Head & Shoulder pattern with 4 Shoulders and 2 Head and is close it to be traded. Irregular Head & Shoulder Pattern works well mostly so get ready to take advantage of it. Close above 721 would trigger the trade with suitable stop loss. Please note that it has not triggered the long yet I am posting just because I am going out for a...

praveen.bhatiya Updated 

The stock has formed a beautiful MPL and Action Reaction method is suggesting that price may get reaction at this level. One can short the stock now with appropriate stop loss and can expect the price range 116 - 114. RSI is coming out of Overbought zone confirming the potential short.

praveen.bhatiya

Today's Doji Star Candle at the classical Right-Angled and Descending Broadening chart pattern suggests a short. I observe many charts and patterns but consider for trading only where stop loss is affordable to me, specially after the revised Lot Size. PFC seems good with small stop loss just little above the high made today on closing basis. One can expect to...

praveen.bhatiya Updated 

OIL is a beautiful example for the aforesaid pattern except its up-sloping Neckline as pattern with near Horizontal Neckline performs better. The pattern looks like normal head-and-shoulders except either with multiple shoulders or multiple heads but rarely both. It performs better than normal Head & Shoulder and trading rules are the same.

praveen.bhatiya Updated 

The stock has formed a nice Flag pattern and gave breakout today after 16 days of consolidation. I would trade it for a target of 705. Stop loss low of today on closing basis. Risk to Reward is only 1 but seems good probability of reaching target first.

praveen.bhatiya

DLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137....

praveen.bhatiya Updated 

Channel and RSI Divergence are suggesting a short at current level for a target of 28.30 by providing a suitable Stop loss. However one can notice that Primary trend started on Aug 2015 is still intact and driving the prices higher so it is not for trend follower but small contra trend to add fast profit to your capital and exit.

praveen.bhatiya Updated 

The stock is showing good frequencies around Pitchfork and suggesting a possible long entry at this level. RSI above 50 is also confirming the decision. Moderate Target of 1080 in 3-4 sessions by providing Stop Loss of 1021(Closing Basis). It seems worth risking.

praveen.bhatiya Updated 

The stock is in uptrend so one consider buying it on retracement. Currently it is at .618 Fib level of last swing and made Bullish engulfing. One can buy it at this level with SL just low of this bar.

praveen.bhatiya Updated 

Good trading opportunity in the stock exists. Ascending Triangle broken combining the Flag pattern and it seems that if has already shaken the weak traders today so upward journey may be smooth now. Buy now or or dips depending upon the risk taking capacity where stop loss of 39.20 suits to you. Target 43.50

praveen.bhatiya Updated 

One can short the stock at this level for a target of 456 Stop Loss 477. Good Risk to Reward ratio of above 3. Good Luck

praveen.bhatiya

The stock is forming a channel gave false breakout and came back immediately. It is also getting resistance from down-sloping trend line giving another clue. So I would short it here and looking for a target of around 332 - 334.

praveen.bhatiya Updated 

Market seems to be in deep consolidation mode after the Budget presentation. Although PCR(Put-Call Ratio) of 1.1 suggests that uptrend is intact but this consolidation may continue till the end of this series. As we know that the nature of Volatility is to expand and to shrink and after the recent heightened activity sluggish phase is quite natural. Under this...

praveen.bhatiya Updated 

The stock is making higher high but RSI is making Lower Highs thus telling the forthcoming weakness. It has formed Evening Doji Star pattern today confirming the possible reversal. One can short the stock here with SL high of today. Fib .618 level seems a reasonable target.

praveen.bhatiya Updated 

Divergence are lucrative and effective method to trade, however many people find it difficult to use so I am giving important points one should keep in mind: 1. RSI divergence should be used when formed in overbought or oversold Zone. Others may be used in combination with other studies but NO trade solely based on it. 2. Since we are handling here the situation...

praveen.bhatiya

The stock is forming a good setup as taught by ALAN H. ANDREWS : Multi pivot line passing thru gap. One can buy the stock at current level or when it trades above 95.50. Stop Loss 87 target 115 which in this kind of setup mostly reaches fast.

praveen.bhatiya Updated 

Continuing with learning and experimenting the tools in real time trading, I am posting the price path possibility in the light of Action/Reaction method as taught by Dr Andrews. The trade has not matured yet and actual trade would emerge after forming the next pivot on CL. Practice and train your eyes to find the setup. Questions are always welcomed and I try to...