praveen.bhatiya

praveen.bhatiya Updated 

Price has already made 3 down drives, now coming out of RSI oversold zone, Engulfing bar at double bottom zone today. It may not be a high probable trade but still worth risking small amount. One can expect at least thrice the reward of risk being taken. Stop Loss some ticks below the recent low on closing basis. Disclaimer : All ideas and comments are my...

praveen.bhatiya Updated 

Perfect Rectangle offers short term trade which could easily drag the price to 1310/1270 level. One can also wait for the stock to breakout from the pattern and continue with the trade. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The Stock has nicely formed Flag pattern and gave breakout today. One can buy the stock now or on dips where low of today is affordable Stop Loss. Flag are good reliable pattern that rewards fast so it could reach the target of 625 - 650 in 5-6 trading days. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Price action of the stock is revealing that its downtrend is over and it wants to go up. It has broken the channel with gap today. It may get resistance at the last swing high area which can drag the price to retest the channel line that would be another opportunity to go long. One can buy the stock for a target of 440 and thereafter continue with tailing stop...

praveen.bhatiya

For the start of May Future series I am considering to go long in the stock.It has broken the resistance of 85.50 decisively and heading towards the target of 98/110. 84 level can protect the trade so should work as a stop loss. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

The stock has completed the big W pattern and flying after the breakout. Although it has already moved 25% in last 5 bars and as a trader we have already missed 2 entries but still it has a potential to fill the complete valley. One can trade the stock accord to their risk taking capacity. 2 Missed Entries are marked for the beginners on how to trade the pattern....

praveen.bhatiya Updated 

After a long formation of nice Rectangle pattern it has given breakout. It has retested the channel thus offers a good trade. Risk to reward ratio is also reasonable at 2.58. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stocks is giving signal of a reversal of direction. 1. It has broken the down sloping trend line and trading above it 2. It is trading above the Neckline of Inverse Head & Shoulder pattern 3. RSI is above 50 One can trade the stock now or on retest of any line mentioned above. Inverter can also consider buying the stock for medium term...

praveen.bhatiya Updated 

The stock is moving nicely between parallel channel having multiple alternative touches on both sides. Yesterday's Doji Bar got confirmed today. One can buy the stock now or on dips for a target of 115. It would provide decent Risk to Reward ratio. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock is forming Inverse Head & Shoulder Patter . Aggressive Trader can take a long now at the strength bar of right Shoulder area with stop loss of recent low. Safe trader can wait for the breakout. I would update the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Gartley Pattern has formed nicely and yesterday spike bar is suggesting the forthcoming weakness also, so I am shorting the stock at current level with yesterday high as Stop loss. If it works we can easily expect 2.5 -3 times rewards to the risk being taken. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

I've observed nicely formed Gartley Pattern which could be used for shorting the stock at current level. Recent high could be used as Stop loss and if it works one can easily expect 2 - 2.8 times rewards to the risk being taken. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

AR set is suggesting that price has reached the level where one can expect a reaction. We have seen bearish engulfing exactly at the level thus one can short the stock with SL of recent high. Price expectation 740/700. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Completed Double Bottom Reversal pattern is suggesting that downtrend is over for time being and prices can go up now. RSI is above 50 also confirming the decision of going long. It has given breakout and retested the pattern neckline today. All these make it a ripe trade setup for going long in the stock by providing a reasonable Stop Loss. Disclaimer : All...

praveen.bhatiya Updated 

PSU Banks were in headlines and got hammered, however it seems that all bad news have been discounted as prices are forming triple bottom/Rectangle reversal patterns. These simple pattern are easy to trade for short term keeping the target of upper boundary. It offers an opportunity of 8-10% capital appreciation. It is also called Reversed Three Buddha candlestick...

praveen.bhatiya Updated 

The Chart has formed Falling Wedge and yesterday bar qualifies for 2B entry. One can buy the stock now or on dips by providing stop loss of 1495. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Identifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also...

praveen.bhatiya Updated 

I've seen nice big W formation in the stock which could be used for initiating a long trade. Aggressive trade has already triggered as price pierced the yellow down sloping trend line and defensive trader could go long on closing above the 147. Reasonable Price Expectation as target : 166. Disclaimer : All ideas and comments are my personnel view. Please take...