praveen.bhatiya

praveen.bhatiya Updated 

The Stock has given breakout from one of the rarest pattern i.e. Diamond pattern. It works continuation pattern and formed half way. Those who are interested can trade in the direction of the breakout better on some dips.

praveen.bhatiya Updated 

I do understand the concern of shorting a stock in such a bull market however I do prefer to be market neutral to protect myself for unexpected fall. The stock has formed a Roof pattern so could be shorted here or on little higher price with stop loss of 160. One can expect the level of 138 and 125 as target.

praveen.bhatiya

Flag pattern gave breakout today with good volume so one can consider buying the stock for the target of 168 - 174. Stop Loss 152 on closing basis.

praveen.bhatiya

The Price movement is forming Broadening Formations(Megaphone) Right-Angled and Ascending . Last time it has retested the level within 7 Bar and moved down till the other end. Interestingly it is forming the similar move again Let's see if history repeats. Anyway the pattern is picture perfect, Stop Loss is affordable and Risk to Reward is attractive what else...

praveen.bhatiya Updated 

3 Drives Reversal pattern offers entry to go long in the stock for a target of around 80. One can adjust the stop loss suitably as per his trading style.

praveen.bhatiya

Beautiful inverse Head & Shoulder pattern has formed and given breakout. My Trading mates can take advantage of it. The pattern is so clear that it does not need any clarification, however in case of any question/query please feel free to ask, I would try to reply at my earliest. Those who would trade it are requested to mention it in comments with their...

praveen.bhatiya Updated 

One can go long the ICICBank at this level with small stop loss. Since it is a hourly chart the trade may be continued for next day. Alternatively one can buy the 260 Strike Call at 1.20 for a target of above 2.50.

praveen.bhatiya Updated 

The stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.

praveen.bhatiya Updated 

Beautiful Channel with multiple alternative touches on both sides offers a good entry in the direction of breakout. It is good for trader as well as investor as we can expect the price not only the range doubling but even for the next level. I hope it would rewards well.

praveen.bhatiya Updated 

Perfectly formed Flag pattern has given a breakout today. One can buy the stock for a target of above 1250 applying stop loss 1050(Closing Basis). The pattern formed at the year high level mostly performs better.

praveen.bhatiya

I've just purchased and would recommend buying the stock for a target of above 64.50 with stop loss 54 (closing basis). The high probable trade offers good risk to reward.

praveen.bhatiya Updated 

The stock was in downtrend but it seems there was good accumulation and it is going up. The stock formed a good pole and flag. It is at good entry point now. One can buy it now or on dips wherever he feels the Stop loss at 122( on closing basis) is affordable. Potential Flag target in the range of 136 - 145.

praveen.bhatiya Updated 

Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.

praveen.bhatiya Updated 

Simple Classical principal that previous Resistance once broken works as a support we can watch the area for a potential long trade in Banknifty. RSI reading in overbought Zone is endorsing the view.

praveen.bhatiya

Simple classical Channel short trade is possible. Stop Loss above the high made recently and target is open depending upon the patience of the trader however the target of Fib .618 to .786. level seems to reach quite easily.

praveen.bhatiya

The pattern is also called Megaphone. It has also formed 3L-Reversal at the top so one can short the stock wherever stop loss of 139.9 on closing basis is affordable. If the pattern works one can expect the price to touch the lower line around 112. Safe trader can book the profit on fib level that too offers a good risk to reward ratio

praveen.bhatiya

One can buy the stock for target of 168 stop Loss 137. Potentially very fast rewarding & reliable trade.

praveen.bhatiya

Beautiful Pole with vertical bars, 3 bars consolidation and breakout with volume all makes it a good trade-able Flag pattern. Enter on the dips(if it happens) or at the price level where stop loss of 54.5 is affordable for a target of 67.