Pitchforks

Pitchfork Trade The price movement are captured nicely by the pitchfork. After breaking the ML it has retested it and now bouncing from the ML so price may try to touch the upper Median Line in due course. One can initiate the long trade here with the target as UML. Entry : 924 Sl : 919 Target : 940 Risk/Reward : 2.5 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.

by praveen.bhatiya

Action-Reaction & Median Line on Nifty 15 Mins Chart Please refer chart for analysis and trade levels.

HIGH PROBABLE TRADE with small SL The Pitchfork is catching the frequency of price movement nicely with multiple touches on handler & on Lower Median Line. One can buy the stock now. Target Median Line that is 61.8% of the swng Entry 480 SL 465 Target 513 Risk to Reward 2.20 Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.

by praveen.bhatiya

TITAN Lifetime Breakout TITAN has been making highs and testing and breaking them lately. Currently approaching the recent highs along the neckline. Lets see if Pitchfork can play the role.

Nice PF Long entry at LML Prices are caught nicely by the Pitchfork having multiple touches on handler. We can expect the price to touch the Median Line so one can go long now by providing a initial stop loss of 113 on closing basis. One can continue the trade with trailing stop loss for ML touch.

by praveen.bhatiya

M & M - Symmetrical Triangle.Ready For Symmetrical Triangle Break Out. Closed Above Resistance Area. Above EMA. Details mentioned in Chart. I am not SEBI Registered Financial Advisor.

by SafeTrader1976

SHORT Dr Andrews Action/Reaction Method Andrews Action-Reaction methods suggests a short at this level. We have observed a good Multi Pivot Line which can be used as a Center Line. We can expect an reaction from the current level so the stock may be shorted here with the recent high as stop loss.

by praveen.bhatiya

Index FnO Rader: BANKNIFTY BANKNIFTY Future Trader should cautious to Long Below 23300 PE, as it can EAT Premium Closing Below 23248 for two consecutive days will Dip BankNifty to 22710, Even 22398 also. BANKNIFTY (Spot): Possible Reversal in extreme condition at 23248 BANKNIFTY Future Trader should cautious to Long Below 23300 PE, as it can EAT Premium Closing Below 23248 for two consecutive days will Dip BankNifty to 22710, Even 22398 also. As of NOW (at 11.52): BANKNIFTY Spot: 23988, BANKNIFTY Future: 24044 More up

ITC: Bharat-22 ETF Series-1 Psychological Analysis: "GOI today announced the creation of Bharat-22 ETF, a move that will speed up Centre's disinvestment drive and bring it closer to the ambitious target of Rs 72,500 cr for 2017-18." Why Choose ITC as 1st company to analyze? ITC: ONLY Company Having Double Digit (15.2%)Weight in NEWLY Launched Bharat-22 ETF. PRICE ACTION LEADER LONG: @ 280.75 (LTP) Best LONG @ 274 to LTP. Short Term Target Plotted on Chart. On Pipeline: SBI (8.6%), POWERGRID (7.9%), AXISBANK (7.7%)

NIFTY / Stock FnO Strategy Part -I Can NIFTY trading in Yellow mentioned triangle Or BREAK ? All mentioned on Chart. Some FnO Strategy for members having -VE View. more Strategy published tomorrow as Series. on 1s Aug 2017, given view one Strategy as Update. More to come. If enriched your knowledge, Please don't forget to Hit / Click Like button. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

PVR Limited: Constructive Price Action At Support The stock has been in a corrective mode off-late. Lot of interesting developments in the chart in the past few days. Price has bounced off the prior breakout zone. The correction has also been arrested at the medianline of the downsloping fork. Price action today is promising. A close today near the days high backed by volume spike will be a a welcome bullish outcome. Watch this one !

Andrew's PF Short Setup for Intra Day Pitchfork is capturing the price movement beautifully with multiple touches. It is testing/retesting at UML now giving an opportunity to short the stock. One can observe the price at this level & on seeing the weakness short it with small stop loss.

by praveen.bhatiya

Pitchfork and 3 Drive on Top SHORT The stock has formed 3 Drive on Top pattern and we can see the similarity at distribution Zone at top 2 and 3. It is also touching the upper Median line thus giving a good entry for shorting the stock. Those who could afford the stop loss of 745 can short it now and expect a target of 650.

by praveen.bhatiya

MCDOWELL_N Pitchfork Buy for decent reward Dr Andrew's Pitchfork trading method suggest to go long at the current level. PitchFork is capturing the price movement well so entry at Lower Median Line can generate a good profit as we can expect the price to reach the Median Line around 2290. Today's bar is significant as it tried to retest the Lower MLine and bounced back from there, confirming the strength.

by praveen.bhatiya

Power Grid: Looks Interesting Price has gotten above the 50-DMA and also took support at this average couple of days ago. Trend looks bullish and I am watching this stock for a long entry.

Tata Global Potential Short Trade The stock seems to have good frequencies around the Pitchfork so one can put the stock into their watch list. Recent election result rose the expectations of an euphoric rally which gives an opportunity to short the stock at higher level around upper Median Line. It is coming out of RSI overbought Zone and current reading below 50 also confirms a potential short

by praveen.bhatiya

Tata Motors: Is it a Potential Distribution?Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines. Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green pitchfork. Let's see how this pans out..

Pitchfork on Hourly chart of Nifty I have choose last fall High-low as important point and first gap down of this correction as my guiding direction point, If I have choose right point then next move be toward median line to get , which is down, max three to four candles can be now wait , else this possibility should be negated , Disclaimer : This is for learning purpose , anyone has view please share I am just beginner , who wanted to learn ,your advice will help in learning, As I have gone wrong many more time then right ,

by Dipesh_Kharva

Berger Paints: On the Verge of 200-DMA Crossover This is an interesting chart that I am tracking. Price has bounced off the lower parallel of the blue fork. Price is also on the verge of breaking out above the 200-DMA. A crossover above the 200-DMA will make me interested in this stock.

Mangalam Cement: A Potential Long Trade Price has bounced off the lower parallel of the Magenta-Modified Schiff pitchfork. More recently, the bounce off the 50-dma is a positive development. A breakout past the 200-DMA would be a major sign of strength and we can then make a strong case for a test of the medianline or the middle line of the Magenta pitchfork.

buy at 421 buy at lower handle positional

by SayantanChakraborty

Nifty: A What-IF Pitchfork !!Nifty has registered higher-highs and higher-lows pattern, prompting me to draw this magenta upsloping pitchfork. What price does on a revisit to the lower parallel of this fork will reveal a lot about the validity of this pitchfork. A bullish key reversal bar or hammer candlestick pattern at the lower parallel would increase the reliability and relevance of this fork. Let's wait and watch until then...

Power Finance Corporation : Bullish Outlook After a brief excursion below the blue fork, price is now flirting with the lower parallel of that fork. A breakout above the swing high of 130.4 would push the price back into the blue fork and also trigger a fresh buy signal in the Point and Figure Chart. The stock looks bullish across Daily, weekly & monthly time frame. Expect a swift move once price gets deeper into that ellipse highlighted in the chart. I would not be surprised if the stock rushes to the middle line of the blue fork. The

Pitchfork Long : ML may attract the price like magnet Price have danced beautifully on the handle of the pitchfork therefore it may guide further for the future price action. One may go long at this level with stop loss just below the low made recently for an immediate target of 490 and those who have patience can continue the trade till 540 with trailing stop loss.

by praveen.bhatiya