SBI: The Divergent Trade

Notes on the chart.

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Regards
Bravetotrade

Comment:

Alright, there is divergence as we can observe. But we dun know where the downwave would end.
There are three types of entries which one can try:

Assume that the price has made a double bottom on 15 min chart-->
1) Break above the trendline
2) Break above the swing high 335.90

Assume price goes down from here-->
For this trade, I personally dun like the price to go down below 331.
3) seller failure setup (difficult one to take).

Comment:

I am in @ 332.50; Sl is below 330.

Trade closed: stop reached