praveen.bhatiya

praveen.bhatiya Updated 

I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under Entry current Price 425 SL 405 Target 497 Risk/Reward Ratio 4.4 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The chart is showing clearly made "Head & Shoulder" reversal pattern and trading below the neckline. One can use it and short the stock at current level for the target of 116/111.5. RSI is also below 50 confirming the shorting decision. It offers a good Risk to Reward Ratio. Disclaimer : All ideas are my personnel view. Please take financial consultancy for...

praveen.bhatiya Updated 

The chart is showing frequency at the down sloping PF. The prices broke the UML and came back again start trading below it. It may have shaken the weak traders today and may fall till ML. It offers a good opportunity to trade it with small SL with risk and reward ratio of above 4. Entry current Price 250 SL 254 closing Target 232 Risk/Reward Ratio 4.3 Disclaimer...

praveen.bhatiya Updated 

The stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is...

praveen.bhatiya Updated 

Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity. Disclaimer : All ideas are my personnel view....

praveen.bhatiya Updated 

The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :- Entry current Price 214 SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade Target 235 Risk/Reward Ratio 3.5 Disclaimer : All ideas are my personnel...

praveen.bhatiya Updated 

Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level. Entry 74 SL 72.5 Target 79 Risk/Reward Ratio above 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Price actions are captured by an up sloping PF with multiple touches on LML so one can try a trade on this setup. It is a strong demand Zone also and now coming out of RSI oversold confirming a good possibility of reaching the target. Entry current Price SL 340 Target 352.50 Risk/Reward Ratio above 3 Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details Entry current Price...

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Nifty Daily chart is telling price range 10950 - 10650 since last 2 months. It has touched the lowest boundary but closed above the 78.6 Fib level. It seems that buyers have emerged from that level and found it cheap. Price have bounced from the ML of the PF( I would not give much weight-age to it as it has not shown much harmony with it). Hourly chart Heiken Ashi...

praveen.bhatiya

The Stock has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel could not sustain and trading below the upper Channel. One can short the stock with reasonable SL for the target of 1165 which offers good Risk to Reward Trade. How to handle it please refer my earlier post Disclaimer : All ideas are...

praveen.bhatiya Updated 

The Stock is forming Parallel Channel nicely. It is at the interesting point so one can watch the stock and trade accordingly. Budget speech is over so volatility would be normal now.

praveen.bhatiya Updated 

Wolfe Wave formed at the top area could offer a good short trade with reasonable Risk to Reward ratio. One can short the stock below 1090 and look for a targt of 980. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

We can analyse Nifty price action in the light of Trader Vic's 2B Pattern . Trader Vic describes this excellent technique as follows”: “When the upward price trend, if the price on the market touched the previous price peak, but could not cross it the first time, and immediately fell below the previous price peak, this suggests that the trend has been on the...

praveen.bhatiya Updated 

Price has formed the big W pattern and also broken the intermediate term Trend line so one can conclude that downrend is over now and prices are supposed to move up. Prices have retested the down sloping trend line from above and bounced back. It is getting some resistence at the previous high level so one can use the retrace for a good entry. One can invest in...

praveen.bhatiya Updated 

I've observed nicely formed Head & Sholder Reversal pattern. It has given good breakout and retesting the Neckline from above which offers a good opporutunity to go long with the following details Entry 262 SL 255(closing) Target 284 Risk/Reward Ratio above 3.14 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Prices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI...