praveen.bhatiya

praveen.bhatiya Updated 

One can buy the stock for a target of 990. It is coming out of oversold zone made engulfing and the earlier engulfing made on 16.11.16 clearly holding the price. It seems good entry at current with affordable stop loss.

praveen.bhatiya

Price have danced beautifully on the handle of the pitchfork therefore it may guide further for the future price action. One may go long at this level with stop loss just below the low made recently for an immediate target of 490 and those who have patience can continue the trade till 540 with trailing stop loss.

praveen.bhatiya

Simple classical double top has given a breakout and price are testing from the below. Short entry is possible at this level.

praveen.bhatiya

The Stock seems to have formed the bottom and being accumulated, Buyers/Investors find that it cheap at current price level thus buying emerges. One can enter now with small Stop loss entry which offers decent risk to reward ratio.

praveen.bhatiya Updated 

GAIL is making a beautiful triangle with less white space and being compressed from both sides. This Coil when busted may give good trading opportunity. Please watch it and take advantage of it. Good Luck

praveen.bhatiya

The stock is having good frequency around Pitchfork and trend line. One can enter long here or on dips with stop loss of 1210 on closing basis for a target of 1315/1345. I know it is making lower low and lower high clearly in downtrend but trading a pull back expectation. It may achieve target fast in coming days. Divergence are also supporting the idea even if it...

praveen.bhatiya

It is trading out of regression channel so one can enter long at current level stop loss would be the low of today.

praveen.bhatiya

The stock is offering a good buying opportunity at the current level. It is trading at a demand zone from where buyers find it cheap and enters. Very small risk at the low of the current bar. It could give a decent return in coming days,

praveen.bhatiya

Stock so far is respecting the Pitchfork so a short is possible at current level with SL of 273 and target 240.

praveen.bhatiya Updated 

Stock is showing nice frequencies around PF. Short is possible at current price on sliding handle with stop loss of 419 and target of 394.

praveen.bhatiya Updated 

Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.

praveen.bhatiya

The stock was in good uptrend but formed a bearish Flag and gave breakout today with volume. My personal experience with bearish flag is not so good but still I would trade it. Let's see how it performs.

praveen.bhatiya

Very simple channel trade. Price moved out of the boundaries to exclude the weak traders hitting their stop loss and came back into channel. I would enter long by putting stop loss just below the low of today on closing basis. Even for a moderate target of 1360 risk to reward ratio would be ok.

praveen.bhatiya Updated 

The stock is moving nicely in up sloping channel. One can enter now with stop loss of 412.50 for a target of 440-446. Good risk to reward ratio.

praveen.bhatiya Updated 

Neatly formed Wolfe Wave may drag the price to 240 level so worth trading it with the stop loss of 275. Entry level one can decide himself either tomorrow opening for wait for little pull back.

praveen.bhatiya

The stock is in oversold zone making divergence also getting support from the trend line. Possible long at this level on hourly chart that means it has to be continued overnight to reach the target. A good point to enter long with small stop loss.

praveen.bhatiya Updated 

PF, latest Trendline and Channel cofluence at this point suggesting that buyers may enter at this level. Please keep a watch on it for emerging trade.

praveen.bhatiya

One can try a long at current level of YesBank of buyers emerge now. It may work otherwise small stop loss so worth taking risk.