praveen.bhatiya

praveen.bhatiya Updated 

Andrew's Pitchfork (mod schiff) and trend line having the same slope capturing the price movement beautifully. Big red candle on 04.01.17 and price movement thereafter shows weakness so one can short the stock here with stop loss just above the high made recently. It offers good risk to reward ratio for a target of Median line touch around 1020 which is also a fib...

praveen.bhatiya Updated 

The stock is forming bearish Engulfing at .786 Fibonacci level. I would trade it at this level for a short term gain hoping the retracement : risking 10 points and looking for a reward of 12 only as there is nearby support. Risk to reward is not lucrative but mostly such setup reward the small profit.

praveen.bhatiya

Good opportunity to buy the stock as it has formed Flag pattern and gave breakout with volume. Stop Loss 114 Target 156.

praveen.bhatiya

The stock has formed an Inverted 3L-R pattern which can be used for shorting the stock at current price with SL 325.6 (closing basis) & target of 305 - 310. 3L-R is a relatively short term pattern

praveen.bhatiya

Since Nifty has formed a double bottom and trading above it we can conclude that downfall has been arrested and it is in the mood of going up. Point is where is the next entry for long? I would watch the area around 8240 - 8260 for price action at that level.

praveen.bhatiya

Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.

praveen.bhatiya Updated 

The Stock is in downtrend and formed a down sloping channel. Inside Day after the upper line touch may be significant and reverse the short term up move. If it starts trading below the low made on 30.12.16 I would short with stop loss of 54.75.

praveen.bhatiya Updated 

Uptrend started in Feb 2016 is still intact, moreover it has formed a beautiful up sloping channel recently. I would go long here with Stop Loss 46.40(Closing Basis) and look for a target of above 57. Worth taking risk with good risk to Reward ratio.

praveen.bhatiya

Pitchfork is showing good frequency capturing the price movement so we can go long around lower Median Line or around 191 wish Stop Loss 182(closing basis) for a target of 210.

praveen.bhatiya

Beautiful Symmetrical Triangle breakout offers an opportunity to buy the stock at current level.

praveen.bhatiya

3L-R pattern : one can trade it with SL 58.60 on closing basis. Target is open one can book profit at 7-8% appreciation.

praveen.bhatiya

Classical buy Uptrend Channel touch long trade is possible by risking a small amount. Stop Loss 194 on closing basis target around 220.

praveen.bhatiya

Simple Classical downtrend Channel trade need not any explanation. One can take chance now with stop loss just above the high of today. If works would provide good risk to reward if not there is small risk.

praveen.bhatiya

Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!

praveen.bhatiya Updated 

The stock has formed a beautiful channel with multiple alternate touches on both sides. It seems gathering energy for rapid move. A long is recommended at this point with stop loss just below of low of today's bar. Target 470 and thereafter on breaking the channel 510. Even for the first target of 470, the risk to reward is quite good. Good Luck

praveen.bhatiya Updated 

Beautiful Harmonic 3 Drive Pattern Reversal offers good opportunity to short the stock at current level. Mostly the pattern works and rewards with reasonable profit. Good Luck

praveen.bhatiya Updated 

Beautiful symmetrical triangle has given a breakout and one can take advantage of it. Good Luck

praveen.bhatiya Updated 

Trading mates can take advantage of beautiful symmetrical triangle breakout. How to handle : just go long in the direction of breakout if it turns out to be a busted pattern just reverse the position. Busted pattern performs even better. Good Luck