praveen.bhatiya

praveen.bhatiya Updated 

Ideal Pennant pattern has already given breakout. one can buy the stock now or at dips for the target of 300 +. Pennant pattern is small and gives result rapidly.

praveen.bhatiya

The stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification 1. closed out of downtrend regression channel 2.Made an engulfing covering the previous candle completely. 3. Trend line support. 4. Mostly at this level of RSI it changes the trend. 5. Trend reversal...

praveen.bhatiya Updated 

Indicators are telling that price may try to reverse at this level, specially the RSI divergence when appears in oversold area. I will go long with small stop loss just some ticks below the low made today. IF it works it can give decent return so one can take chance by risking small amount. Good Luck

praveen.bhatiya Updated 

Beautiful Pole has been formed and a flag is in making. If it gives breakout and closes out of Flag boundaries only then the trade should be initiated but one can put the stock in watch list and prepare for the trade. Clearly on the last day of the pole the volume was the highest and so should be on the day of breakout for a good Flag pattern formation. Good Luck

praveen.bhatiya Updated 

The stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.

praveen.bhatiya

The stock is respecting the channel nicely and have multiple resistance at this price zone so bull run may halt for time being now or it could see the price range of 250 in the coming expiry. It would be interesting to watch price action and see if it gives chance to trade.

praveen.bhatiya

Previous resistance broke decisively and retesting now from above which may work as support. One can go long with smart stop loss.

praveen.bhatiya

The stock has consolidated between the long channel and reversed from that zone. One can enter into the trade now with small stop loss and look for a profit of 150/162.

praveen.bhatiya

Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.

praveen.bhatiya

Beautiful Wolfe Wave triggers a short now offering a good risk to reward trade.

praveen.bhatiya

Tri Star candlestick is an extremely rare pattern . In my 10 years of trading experience i found only one in EOD stock charts nifty stocks allowed in Future. Since it happened to me only once I have no prior experience of its performance however one can short the stock with very small stop loss of the 432.50 on closing basis.

praveen.bhatiya

Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.

praveen.bhatiya Updated 

The stock has formed a bottom and recovering from there. It may test the MPL from above and bounce from there till upper channel. Good trading opportunity may emerge soon so please have a watch on it. Good Luck

praveen.bhatiya Updated 

Beautiful Inverse head and shoulder pattern gave neckline breakout and now testing it from above. It offers a good entry at this level for intraday trade

praveen.bhatiya Updated 

The stock is showing good frequency at the MLs so one can short at current level. The trade offers a good Risk to reward ratio even for the first target.

praveen.bhatiya Updated 

The stock is at a good support area. MACD indicator is showing divergence. Although it is making lower high and seems to be in downtrend one can enter long here with small Stop loss and look for a target of 141. Very good risk to reward ratio.

praveen.bhatiya Updated 

The stock has formed a channel at the bottom and gave the breakout so a trend reversal long trade is available at good risk to reward ratio.

praveen.bhatiya Updated 

The Stock has formed a beautiful Flag pole and consolidating forming a flag. One can see a breakout in coming days closing above the flag gives a beautiful long entry and one can look a target of above 490 on breakout. It gives a good risk to reward ratio. Specially this flag formed a good flat base which performs better. I would go long i when it starts trading...