praveen.bhatiya

praveen.bhatiya Updated 

I am posting nicely formed Diamond pattern , ready to trade to take advantage and timely decision. Good Luck

praveen.bhatiya Updated 

Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.

praveen.bhatiya Updated 

The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.

praveen.bhatiya Updated 

I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason : 1. The stock is showing good frequency around the lines. 2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal. 3. MACD is showing Divergence & Stop loss is affordable to me so looks...

praveen.bhatiya Updated 

The stock has given Flag breakout today and Bullish Wolfe wave is already in action therefore one can expect the price to reach around 23.50. Good risk to reward

praveen.bhatiya

Nifty has reached at interesting level as per Action/Reaction method taught by Andrews. A price reaction is expected at this level. Although the market seems to be in strong bull grip but I would be very cautious in taking fresh long trade now and start looking for shorting opportunities. RSI is also in extreme overbought zone confirming the view. Friend can watch...

praveen.bhatiya Updated 

Nicely formed Inverse Head & Shoulder pattern is ready to give breakout. Posting in advance as market seems to have gap up opening and mates can take advantage of it. Those who are following my Action/Reaction learning series can also notice marked AR Set which catches the reversal perfectly.

praveen.bhatiya Updated 

The stock has broke double bottom neckline thus it seems it has formed the base and wants to go up. One can buy it here or on dips for a target of 1240. Simple patterns works mostly.

praveen.bhatiya

Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.

praveen.bhatiya Updated 

Titan price movements looks interesting for going long at this level. It moved vertically got consolidated 9 days and giving breakout today. It seems it got strength for the next up move.

praveen.bhatiya Updated 

GMRInfra seems to have consolidated and trading now above the boundaries of Flag. It seems a good opportunity to buy at this level with SL just below the low of today Target 13.70 risk to reward 4.

praveen.bhatiya Updated 

With reference to learning series of Action/Reaction one can observe how these forthcoming lines work.

praveen.bhatiya Updated 

I am introducing today Action/Reaction trading method as taught by Doctor Andrews (invented the famous Pitchfork method) with an example. The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between. Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing...

praveen.bhatiya Updated 

I've observed a trade able Ascending and Inverted Scallop pattern in the stock. Trading rules say that one can enter long when it closes above the high of the pattern which is today with the stop loss the Low made during the pattern. Applying the rules : stop loss 395 and target 465 which gives risk to reward only 1 so I am avoiding the entry and keeping it for...

praveen.bhatiya Updated 

The stock price movement looks interesting for a potential long trade. Channel is catching the price movement beautifully and now showing divergence also. The last bar made a 3L-R. One can buy the stock for a target of 3100 stop loss 2920.

praveen.bhatiya

With reference to my previous post on this subject some mates have shown interest in leaning and waned to make it more clearer so I have prepared another chart with 2 Action/Reaction Set. One has captured the top beautifully and another one is in action so we can observe the outcome in coming days. Any Queries/Question are welcomed. The steps required 1. Draw a...

praveen.bhatiya Updated 

While trading on the budget day is quite risky and most of the traders end up losing a lot of money as they are not prepared to adjust with the wild swings in market(Highest one is 346 points). Traders having small capital should just stay away from market and watch the show from sidelines or they can trade with limited risk open strategy.

praveen.bhatiya Updated 

Descending Channel is suggesting a short at this level.