Divergent_trader

Divergent_trader Updated 

A strong pole & flag formation is seen in Reliance. A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur. The trade consists of a RR of 1:2. But...

Divergent_trader

A strong pole & a flag consolidation is formed on Astral. Price hovering around the flag resistance indicates a breakout is highly probable. Price consolidating in All time High territory, so no resistance to the upside. Disclaimer: This is NOT a trade recommendation but only my analysis. Please do your own research before trading.

Divergent_trader

POINTS TO NOTE: ______________________________________________________ 1. Symmetrical Triangle(ST) consolidation on a healthy uptrend 2. Breakout & sustenance outside the triangle 3. Another HH, HL breakout of a minor trendline outside the ST 4. Targets measured as Height of the pattern Disclaimer: This is NOT a trade recommendation but my analysis. Please do...

Divergent_trader Updated 

Points to Note: _______________________________ 1. A hidden divergence with RSI, at the 61.8% level showing Oversold levels 2. An inverse Head & Shoulders(H&S) showing accumulation 3. A healthy breakout with volumes out of both the downward Trendline & the H&S 4. Good Price to buy, at the retest of the trendline Disclaimer: This is merely an observation &...

Divergent_trader Updated 

NSE:JINDALSTEL A solid Symmetrical triangle formed & broken out with volume. Triangles are periods of consolidation showing rangebound trading in the stock. Once a breakout occurs, there is a good move expected up to the pattern height of the pattern . SL - 720 Entry - 750 Target - 825 RR - 2.5 Disclaimer : This is NOT a Trade recommendation

Divergent_trader Updated 

Points to Consider before entering Trade : _____________________________ 1. A Flag & pole pattern with multiple touches of Flag boundaries 2. A healthy Breakout with HH, HL formation & Breakout Volume 3. Price now sustaining on Flag Support ( Earlier Resistance ) 4. Target as the Pole Height Disclaimer: This is NOT a recommendation to trade, but my own...

Divergent_trader Updated 

POINTS TO NOTE 1. Simple symmetrical triangle printed here. 2. Breakout is supported by Volume breakout as well. Target is the pattern height. 3. SBIN is a healthy uptrend in higher timeframes as well. Disclaimer: Please do your own analysis before entering trades. And always enter SL first.

Divergent_trader

A strong Cup & Handle formation with a Healthy Breakout of both Price & Volume. Target planned as the Height of the C&H Neckline. C&H structures are High Probability Continuation patterns showcasing a solid base ( Cup ) & good consolidation ( Handle ) Disclaimer: This is merely an observation & NOT a Trade recommendation. Please take trades at your own...

Divergent_trader Updated 

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions. _________________________________________________________ 1. Price has been forming a Triangle Pattern. 2. Breaks out with HH, HL movement. 3. Sustaining well after breakout. After some consolidation, a good move is expected. Entry:...

Divergent_trader

Points to Note: _______________________________ 1. Inverse Head & Shoulder Base, indicating accumulation with purpose 2. The right Shoulder also has printed an Ascending Triangle, reinforcing the aggressiveness of buyers 3. The Breakout of the Neckline was preceded by a HH, HL movement. Price is also sustaining well above the Neckline 4. The SPEED from the...

Divergent_trader

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions. ________________________________________________ Points to note before entering trade: 1. Price has been inside a rising wedge in Weekly TF. 2. Breaks out of wedge & sustains above the resistance, which now acts as support 3. This...

Divergent_trader Updated 

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions. _______________ Reasons to buy: 1. Stock in Downtrend, forming a good base for reversal 2. Strong Head & shoulder foundation for reversal 3. Long Candle breakout & now CMP is retesting the Neckline Entry: 526 SL: 514 Target: 550 RR: 2

Divergent_trader Updated 

Disclaimer: This is NOT a trading recommendation. Please do your own analysis before entering positions REASONS TO BUY: 1. Stock in an Uptrend with 100 EMA acting as Support 2. A downward trendline breakout with Higher Highs & Higher Lows 3. A double bottom on the 100EMA before breaking out 4. CMP near the support line for retest. Entry: 19183 SL:...

Divergent_trader Updated 

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions. _______________ Reasons to buy: 1. Stock in upwards channel, taking good support. 2. Stock rising with healthy HH, HL formation from support. 3. A High Vol. candle seen indicating strength. Entry: 445 SL: 416 Target: 500 RR: 2

Divergent_trader

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions. Reasons to Buy: __________________________ 1. A good breakout with HH, HL formation out of a Triangle pattern. 2. Stock consolidating at higher levels. 3. Lows are being protected in this consolidation. Entry : CMP SL : 2513 Target...

Divergent_trader Updated 

Mangalam Drugs has been attempting to break the 155 level, with its previous attempts getting rejected. But this time, with the solid foundation of a Double Bottom base, & a Symmetrical Triangle formed near the resistance zone, the chances of a successful breakout increases. Following points to note before initiating a Long...

Divergent_trader Updated 

The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle. Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown. The formation of a Bullish Harami cross, with heavy volumes suggest more buying down...

Divergent_trader Updated 

Disclaimer : This is NOT a trading recommendation. Please do your own analysis before entering positions Reasons to buy: __________________ 1. Stock keeps testing Resistance levels by making Higher Lows . Such tests increase probability of a breakout 2. A Cup & Handle like formation seen 3. Volume Surge near the Resistance level Entry: CMP SL: 54.35 Target :...