praveen.bhatiya

praveen.bhatiya Updated 

The stock has nicely formed Wolfe Wave with in parallel Channel. One can trade the stock for a good Risk to Reward Ratio. One can trade the Future as under or make suitable strategy using options as the stock is active in Options also Entry 34.30 SL 32.20 Target 39.80 RR 5.50 Disclaimer : All ideas and comments are my personnel view. Please take...

praveen.bhatiya Updated 

The chart has formed classical double top pattern and broke the neckline today. This simple pattern does not need much explanation so one can trade it easily. RSI below 50 is also confirming the trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Currently price is at multiple support. Action/Reaction set is also suggesting a reversal at this level. RSI is coming out of Oversold Zone. It has formed a reversal Matching low candlestick yesterday. All these are suggesting to buy the stock at current level and expect minimum target of 280. Disclaimer : All ideas and comments are my personnel view. Please take...

praveen.bhatiya Updated 

The stock is in downtrend but it has made a 3LR pattern yesterday. One can use the today's dip to buy the stock for a short term target of 1100 by providing small stop loss of low of yesterday. it offers a good RR ratio of above 3. Risk 20 Expected reward 65 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading...

praveen.bhatiya Updated 

Nicely formed Rectangle Channel gave breakout today and trading below the lower Trend line. One can short the stock by providing the SL of High of today and expect the target around 360. It may be a good RR trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Pitchfork is catching the frequencies of price movement. It has retested the Upper Median Line and engulf the previous bar. It looks a good setup to short the stock for a target of 512.50. RSI is also confirming the shorting. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

Victor Sperandeo has created a beautiful Trend Reversal method known as 1-2-3 Reversal Setup. It is a reliable reversal setup and it occurs very often in all time frames. Drawing 1-2-3 is very simple as explained below Draw a trendline from the highest high Point A to the lowest low (B) on the chart such that price does not cross the trendline until after the...

praveen.bhatiya Updated 

Stock has formed trade able big W pattern. One can short the stock with the SL of 271 for a target of 238 which gives a 2.2 RR ratio. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

If the risk to reward ratio of 3 suits, one can consider shorting the stock at current level with the SL of recent high for a target of 150.50. Reasons 1. Inverted 3LR pattern 2. RSI coming below from overbought 3. Small risk Trade Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock has formed Rectangle pattern nicely. It has shown strength at bottom trend line with increased volume so one can buy the stock with strict stop loss and expect the target to other side. One can also keep it in their watch list and eventually trade the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial...

praveen.bhatiya Updated 

2B Reversal pattern formed as Bullish engulfing so it seems buyers are emerging at current level. One can buy the stock with SL of low of last bar for a target of above 40. Reasonable risk to reward ratio trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Stock has been moving in the Broadening Wedge boundaries making nice alternate touch. It has bounced from the lower boundary and retested it again today. RSI coming out of overbought zone. Ideally any closing above 309 should trigger a long trade however aggressive trader can buy the stock now for a target of 335. Disclaimer : All ideas and comments are my...

praveen.bhatiya Updated 

Tata Steel has correctly formed Wolfe Wave and it seems to reach the target level of 600 - 610 in coming days. I was quite busy during the day so could not post it timely and early low risk entry is missed but mates can still take advantage of it. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

It seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading...

praveen.bhatiya Updated 

Prices were moving in such a way that it has formed "Broadening Bottom" pattern. The pattern is perfect with alternate touches on both sides and it has given breakout today. Pattern trader can use the setup for their trading with price expectation of 575. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock is in downtrend but now showing sign of reversal. It has formed a 3LR pattern at significant support zone. RSI is also coming out of overbought zone. It seems to me a good trade setup with affordable stop loss. One can buy the stock for a target of 262 by providing SL of 236. Disclaimer : All ideas and comments are my personnel view. Please take...

praveen.bhatiya Updated 

The stock has broken all time high but could not sustain. AR set is suggesting price reaction at current level. It is forming Head & Shoulder pattern. One can short the stock here for a target of 260 by providing a stop loss of 301 on closing basis. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

There are multiple supports at current level suggesting a good possibility of emerging buy so one buy the stock as mentioned below. Entry 88.65 SL 86.40 Target 94.50 RR ratio 2.50 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.