praveen.bhatiya

praveen.bhatiya

We can draw beautiful Action/Reaction setup which is suggesting a price reaction at current level therefore one can book the profit of their long position and be ready for shorting the stock. Those who want to learn and practice it I am giving guidelines as given in his course material First we draw a Multi Pivot Line : A line drawn across 3 or more pivots...

praveen.bhatiya Updated 

It seems prices were consolidating forming Rectangle pattern and gave breakout today. The setup gives good trade opportunity one can refer my old post How to trade Range Channel here Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

There is a nice confluence of Harmonic Bat pattern and Parallel Channel. The stock has formed a bearish engulfing today showing the weakness. One can sell the stock as the details given below Entry 91.50 SL 96.50 Target 82.5 RR ratio 1.80 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Price is forming down sloping channel and it has already retested the upper channel so there is a good structure for shorting the stock. One can short at current level with SL of 546 for the target of 495. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

15 minutes chart has formed a parallel Channel that gave breakout but immediately got rejected so it seems to be a failed breakout. Failed patterns work mostly as the breakout traders have already been trapped and are forced to cover their longs by shorting the stock. One can short the stock at current level with reasonable SL for target of 537.50. Disclaimer :...

praveen.bhatiya

Stock has formed triple bottom. So one can trade the breakout. It seems to be a good demand zone and price have retested the level multiple times so can also take small risk and go long by providing the SL of 1255. If it works one can review the trade at 1370 to continue or book the profit. Disclaimer : All ideas are my personnel view. Please take financial...

praveen.bhatiya Updated 

The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details Entry 190 SL 181 Target 205 Disclaimer : All ideas are my personnel view. Please take financial...

praveen.bhatiya Updated 

I've observed the Pitchfork is catching the price movement nicely so we can frame a trade. It has bounced from the lower median line given good opportunity to go long with small sl. One can buy it now for a target of 288. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

One can sell BankNifty Future at current level with the following details Entry 27080 SL 27290 Target 26450/ 26260 RR ratio 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

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. We can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. Disclaimer...

praveen.bhatiya Updated 

Price are moving in a parallel channel but in a special way as it touches the same line twice before turning the direction. It has already touched the lower trend line twice so we can expect it to go the upper trend line now. Rectangle pattern may give minor resistance at 505 and on crossing decisively, it may see the 540 level. Disclaimer : All ideas are my...

praveen.bhatiya

Bearish Abandoned Baby pattern after the uptrend is indicating the potential reversal at this level. The pattern is quite reliable and candlesticks offer good early entry with affordable SL so my mates can use it for their trading. RSI is also coming out of overbought region confirming the weakness. Disclaimer : All ideas are my personnel view. Please take...

praveen.bhatiya Updated 

Stock has formed bullish Wolfe wave that offers a good trade with small risk and if works and achieve the target it has potential of 4 times the risk being taken. Details are as under Entry 53.6 SL 52.2 Target 57.6 RR 4 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Canara Bank has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post 1. Enter on the breakout. 2, Enter on the pull back to the breakout level. 3. Enter after the pull back or retest of the breakout level is...

praveen.bhatiya Updated 

Market is still moving in a small range since 15.05.18. It has formed Ascending Triangle and currently trading at the upper line. Following trading setup are possible in this situation 1. It gives Breakout from the pattern and one go long for the target of triangle pattern. 2. Price reverses at Confluence of Pitchfork & Median Line. PF is catching the price...

praveen.bhatiya

Nicely formed Broadening Pattern (Right-Angled and Ascending) with multiple alternate touches on both sides. It has not given breakout yet however one can trade swings from one side to the other side. It is touching the upper line now so can watch the behavior and accordingly. Disclaimer : All ideas are my personnel view. Please take financial consultancy for...

praveen.bhatiya Updated 

Trend Reversal Case: The stock was in downtrend through out the bull run of Nifty it made only lower lows. It is trading above the trend line and seems to have reversing the trend. It has made a Flag pattern and closed above its boundary today. One can trade the stock now for a target of around 1000. Those interested in investing for medium/long term can also...

praveen.bhatiya Updated 

Price has formed a down sloping Channel which one can trade at the boundaries or on breakout. Currently it is at the upper trend line and engulfed the previous bar, showing the weakness so one can short the stock as the details given below Entry : 982 SL : 1022 Target : 910 RR Ratio : 1.80 Disclaimer : All ideas are my personnel view. Please take financial...