praveen.bhatiya

praveen.bhatiya Updated 

The stock has formed a 3 Drive on Top reversal pattern at the 78.6 fib level of last swing. RSI is not supporting the 3rd top and showing divergence. It has came back to Bollinger Band so it seems to be a good short trading is possible here. One can shot below the 10890 with small SL of recent made high and expect the target of 10500/10100. Disclaimer : All...

praveen.bhatiya Updated 

Stock has formed the Classical Descending Triangle within a Falling Wedge. It has given breakout today with gap. ALthough it made a black candle but still this breakout is valid and gives the opportunity to enter cheap. Those interested in pattern trading could use the setup for the target of 227.50/243. Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

I've observed a good trade in BPCL. It is heading for a target of 360 in short term which offers a good profit potential of more than 10%. Those who want to trade or invest could do it at current level. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Nifty seems to have reached the level and could give a good short trade. There are multiple resistence in different Time Frames at 10840 level so it could be a good idea to sell Nifty at this level by providing the SL of 10920. One can look for a target of 10600 which offers a potential of good 240 points and a reasonable risk to reward ratio. Disclaimer : All...

praveen.bhatiya Updated 

Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below Entry 431 SL 408(closing) Target 492 Risk/Reward Ratio 2.65 Disclaimer : All ideas are my...

praveen.bhatiya Updated 

Prices have nicely formed Up sloping channel which offers an opportunity to trade it at current level by risking a small amount. Prices have bounced at retest of lower trend line. We can initiate the long trade as the details given below Entry 932 SL 899(closing) Target 1030 Risk/Reward Ratio 3 Disclaimer : All ideas are my personnel view. Please take financial...

praveen.bhatiya Updated 

Prices have nicely formed the Rectangle pattern and it is trading above the Upper boundary. It has already shaked the trader by coming back to the pattern after breakout so it seems good cances now for the target. Those who want to trade this simple pattern can initiate the trade Entry 3020 SL 2900(closing) Target 3300 Risk/Reward Ratio 2.50 Disclaimer : All...

praveen.bhatiya Updated 

I've observed nice trade setup. One can trade/invest the stock now with SL of 698 for a good reward. Bollinger Bands Squeeze is a powerful yet simple trade setup. One can identify the Squeeze when bandwidth is at around 6 months low. One can enter the trade when price starts trading out of the band. Mostly this setup rewards the trader nicely as one enter the...

praveen.bhatiya Updated 

Price action has nicely formed UP Sloping Channel which is quite easy to trade. RSI above 50 is also confirming the decision and today's bar has made a 3LR reversal pattern. One can take the long position as the details given below Entry 216 SL 208(closing) Target 232 Risk/Reward Ratio 2,67 Disclaimer : All ideas are my personnel view. Please take financial...

praveen.bhatiya

I've observed a good Flag pattern trade, which could reward well in short term. One can buy the stock with the following details Entry 49.50 SL 46 Target 59.80 Risk/Reward Ratio 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Nicely formed double bottom pattern gave breakout and and trading decisively above the neckline. One can buy the stock now for a double bottom pattern target of approx 1900. which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade. Entry 1810 SL 1770 Target 1880 - 1900 Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

The stock seems to have reversing the downtrend. It has formed double bottom with higher RSI reading and now trading above the Neckline. It is offering a good Risk to Reward trade as details given below Entry 221 SL 212 Target 250 - 253 - 259 RR Ratio : 3 RSI is also confirming the trade decsion. Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

The Chart has nicely formed FLAG pole between 25.10.18 to 02.11.18 and gave the breakout with good volume after small consolidation. It offers a good long trade at current level as the detail given below Entry 2051 SL 1995 Target 2172 Risk/Reward Ratio 2.16 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Stock has formed the double bottom and trading above the neckline. One can buy the stock now for a double bottom pattern target of 324 which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade. Entry 301 SL 295 Target 320 - 324 Risk/reward 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading...

praveen.bhatiya Updated 

It has formed a good Rectangle Pattern with alternate touches and good height of 42 points. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post and as a target for this pattern we can expect range doubling i.e 547. Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

The Stock has broken the Double bottom neckline and traded above it so we can conclude that it has changed its bearish behaviour. Price us retesting the previous bottom and bounced from there. RSI is healthy. We can frame a long trade with the following details Entry 398 SL 379 Target 424/440 PF setup may guide the price movement and target. Disclaimer : All...

praveen.bhatiya Updated 

The stock has perfectly formed Broadening Formation: Right-Angled and Descending which is touching the upper horizontal line. There would a trade on breakout of the pattern or on reversal from here. One can add the stock in watch list and act timely accordingly. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Chart has formed 2B reversal pattern which can be used for a reasonable Risk to Reward trade. One can enter a long where SL of 583 is affordable. Target 640 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.