praveen.bhatiya

praveen.bhatiya Updated 

There is a nice rectangle range with multiple alternative touches on both sides, however the range is not so big to trade so I would wait for a closing above the range and trade the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

praveen.bhatiya

Triangle pattern is formed when price crosses from trendline to trendline nearly filling the available space. One should avoid the pattern if there is more white space. This nicely formed pattern has given breakout. Mates can use the setup for their trading. Defensively one can wait for a retest on upper boundary. Disclaimer : All ideas and comments are my...

praveen.bhatiya Updated 

I've seen a nicely formed Flag pattern which has given breakout with gap. Although there is nearby support at 142 level so one has to be observant at this level for fixing the price target for this trade. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Wide Range Bar on14.03.18 has created the support zone and even in a strong down day like yesterday it has provided the support. It seems that there is good accumulation at 65.50 and buyers have emerged which can move the price up in coming session. RSI above 50 is also supporting the decision. It is on the verge of breaking the channel so one can buy the stock...

praveen.bhatiya

I've observed a Bearish Gartley Pattern which seems to have started working. One can try a short trade by providing the high of today as stop loss. Honestly speaking I am not an expert on Harmonic trading. I knew the concept but never experimented with it. Restarting it with paper trading. Experts are welcomed to add their comments. Disclaimer : All ideas and...

praveen.bhatiya Updated 

There is global bloodbath in the market and we have bad news everyday, so talking about a reversal in this scenario seems insane, however there is a nicely formed Three Drives Pattern and every low of the price is associated with higher MACD values clearly showing divergence. Would it be able to reverse the price only time can tell. It is easy and advisable to...

praveen.bhatiya Updated 

Index is at an interesting point where 2 significant setups are telling a potential reversal zone. One can watch the development and act accordingly. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya

The simplest method to trade in complex word is probably trading the range when price moves between two parallel straight lines. It works mostly and add some money to trading account and if not one knows the risk involved. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The pattern has formed the pattern and trading above the confirmation line. Interestingly PSU_Banking stocks are doing well recently. RSI has also shown divergence in oversold zone and is above 50 now so one can conclude that downtrend has arrested now at least for time being. One can take advantage of the setup for trading/investing. Disclaimer : All stock...

praveen.bhatiya

There is a clear Head & Shoulder pattern and stock is trading below the neckline. It has also retested the neckline from below thus offering an opportunity to short the stock for a target of 65700. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya

Moving in a parallel Channel, the prices are showing divergence. Incidentally prices are also in a Reversal Zone based on M_PL. It seems that stock is getting ready for an up move. Buy on closing above 348 with Stop loss of recent low or as per your risk taking capacity. Disclaimer : All stock recommendations and comments are my personnel view. please take...

praveen.bhatiya Updated 

Nicely formed Wolfe Wave could be used for going long now. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

Nice clear setup have already given breakout. The down trend seems to be reversing. Chart is self explanatory. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya Updated 

The stock is in down trend but recently it is showing the strength and have refused to make further lower low. There is a good possibility of entering a long trade now for a target of 550 - 575. RSI has came out of oversold Zone and is around 50 confirming the decision. One can buy now or put the stock into their watch list and trade accordingly. Defensive trader...

praveen.bhatiya

I've observed Three Drives on the Top reversal pattern in the stock. One can take small risk by providing the SL of high of today. Disclaimer : All stock ideas and comments are my personnel view. please take financial consultancy for trading decision.

praveen.bhatiya

Nifty has formed Broadening Formations : Right-Angled and Descending . After touching the lower line 3rd time it was moving up gave an impression to touch the other side of pattern but again it has reversed and continued in the prevailing down direction. Statistically this partial rise mostly predicts the direction of the breakout which is down in this case,...

praveen.bhatiya

Nifty & this stock both are in downtrend so traders are naturally looking for shorting trade setup that requires small risk. Today's bearish engulfing at U-ML could be used to short the stock by providing SL of just high of the today. Here we are risking small amount and set the initial profit target of 2 times the risk is being taken. If it works we can continue...

praveen.bhatiya Updated 

The stock has formed double bottom pattern and is trading above the confirmation line now. This simple pattern does not require much explanation. We can trade it for the initial price target of 1190 - 1200. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.