praveen.bhatiya

praveen.bhatiya Updated 

The stock has nicely formed the Pennant Pattern and gave breakout with higher volume. A little more volume would have made it more reliable however this pattern has a Flat base before forming the pattern. Statistically Flag/Pennant pattern after flat base performs better. One can buy the stock for a target of 2280 - 2300 by providing the suitable SL. Disclaimer :...

praveen.bhatiya

The stock is showing sign of TREND REVERSAL . It has completed the double bottom and 1-2-3 Reversal pattern. One can trade the stock for a target of 146.50. Once can also consider investing the stock for medium term perspective. RSI above 50 is confirming the decision. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy...

praveen.bhatiya Updated 

Pitchfork seems to be catching the price movement well and a good demand is observed at current level. RSI is also out of Oversold zone. Trading setup looks attractive with affordable SL as the details given below Entry 167, SL 161, Target 186. It is worth taking small risk that offers a good Risk to Reward ratio of above 3. Disclaimer : All ideas and comments...

praveen.bhatiya Updated 

The stock has formed the double top and closed below its Neckline. Any pull back now could be used to short the stock Entery 1285 SL 1311 Target 1200 RR Ratio 3 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

It is observed that at current level demand emerges and price bounces back. It has formed a bullish Engulfing candle and RSI is also showing divergence. The stock is in downtrend and is still in oversold zone but still one can try a long here by roviding reasonable SL. Increased Volumes at bottom also confirming the long decision. Pharma stock has shown a good...

praveen.bhatiya

This down trending stock is showing some strength recently and refused to make further low, thus formed double bottom. It is showing RSI divergence. One can buy the stock as per details given below Entry 112 SL 107 Target 132 RR 4 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The price has been forming Right-Angled and Descending Broadening Formation since last 6 months now it may try to touch the other side of the pattern. Interestingly it makes good up move whenever RSI comes back from oversold zone marked in the chart. Currently it is in the same situation. Pitchfork seems to be good catching the price movement and the trade is...

praveen.bhatiya Updated 

The stock has formed 2B reversal pattern with RSI divergence. It has already formed 5 pivots which suggests a possibility of reversal. RSI is back from oversold zone. One can buy the stock for a target of 83.50 * lucrative 10% appreciation *. Recent low should protect the trade as SL. Disclaimer : All ideas and comments are my personnel view. Please take financial...

praveen.bhatiya Updated 

It seems that at 70 level buyers emerge and find the stock cheap from where prices bounces back. It has developed the triple bottom and now strong green candle is developing. It offers a good trade with small Stop loss of just low of today. One can continue the trade with trailing SL for the target of 87- 93. It may work as a very good risk to reward trade....

praveen.bhatiya Updated 

The Stock is in downtrend but showing some strength at current level. It made a bullish meeting line and strong green candle thereafter. RSI is also above 30 after extreme oversold zone. Aggressive trader can use the today's pull back to enter long. Entry Current level 1329 SL 1298 Target 1415 - 1450 RR Ratio 2.77 - 3.90 Disclaimer : All ideas and comments are...

praveen.bhatiya Updated 

The stock has formed bullish Wolfe Wave therefore one can buy the stock for the pattern target of above 190. Due to higher Oil price crisis the stock may see volatile price movement if any decision is taken by the government. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Bullish Crab pattern is developing at the lower trend line of the parallel Channel. It is showing strength as 3LR bar is formed. RSI is also coming back from oversold zone. All these suggests a trade with good probability of target Entry 128 SL 122 Target 146 RR Ratio 3 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy...

praveen.bhatiya Updated 

It seems that buyers are emerging at current level as Engulfing made on 22.05 is providing a good support. So one can buy the stock at current level or on slight dip tomorrow for a target of 2100 - 2140 by providing SL of 1935 on closing basis. It would offer a good RR ratio of 3. Disclaimer : All ideas and comments are my personnel view. Please take financial...

praveen.bhatiya Updated 

Index is forming the Bearish Bat pattern and last 2 bars has formed bearish Harami pattern suggesting a potential shift from prevailing bullish trend. One can attempt a short trade here if it trades below 26650 on Monday by providing suitable SL. One can also develop suitable option strategies as the options of every strike are available and active. Disclaimer :...

praveen.bhatiya

Bearish divergence in my experience are tricky to trade comparing it with bullish divergence. Sometimes stocks make more upward attempts before falling finally and thus triggers Stop loss. However the USD is showing continuous Divergence in Overbought Zone and yesterday bar has showen weakness. One can short the USD with SL of recent high. Disclaimer : All ideas...

praveen.bhatiya

Morning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under Entry 276 SL 262 Target 311 RR Ratio...

praveen.bhatiya Updated 

RSI is showing bearish divergence in overbought area and stock has formed 2B reversal pattern which provides an opportunity to short the stock Future at current level. Entry 285 SL 284 Target 270 initial Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The Stock has formed a 2B pattern which offers a small risk trade as the details given below. Entry 2750 SL 2690 Target 2900 RR ratio 2.50 RSI is coming out of extreme reading for the stock thus confirming the strength is returning. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.