Divergensity

Divergensity

Kotak Bank is most likely setting up for a sell. The small term trend is broken and it is consolidating which could mean that its setting up for a sell. The price is at the low so most likely it will move back close to the previous high around 1540 levels. Looking for a sell setup when its back at the top could be prudent in terms of better risk/ reward and for...

Divergensity

I think Gold has entered a consolidation on a higher timer frame and that it is currently in the second leg of the three wave ABC pattern. I believe its going to retest the areas around the most recent top, first followed by a possible down move after . Short term bias is to the up side.

Divergensity

Pidilite has a very interesting Buy setup. Its consolidating and it should be done soon. A breakout to the top - and I guess we can see new highs being made. The risk / reward also seems quite favorable. I would look at the First target being a retest of the previous high and the second one at the mentioned level on the charts.

Divergensity

From what I see, USDINR has finished a Triple wave WXYXZ pattern. Its now moved to the lows. I guess we will see a brief consolidation and post that, the pair might breakout and continue to go to the downside and retest its previous lows and possibly make a new lower low on the 240 time frame.

Divergensity

GBPINR possibly is in a 240 consolidation and it looks like the B of the ABC is done. The next move could be upwards, to finish the C and thus finishing the entire corrective structure. I would like to look for Buy setups in the near term. The Sell may not go too far down but my view is that the risk reward looks favourable for Buy's.

Divergensity

Sugar prices (SUGAR- USD) might see an up move over the next few days. As always, this could be a corrective up move or it could be a move thats going really far- its too early to say but I guess any Up move followed by a consolidation- at least in the short term, are buying opportunities. Now how that translates to Indian Sugar stocks is something that...

Divergensity

In continuation to the previous idea on the 1 hour time frame of Tata motors DVR, this is what I see, on the bigger picture. I think the B wave is currently in progress. We probably are going to see more ' time stretched' up moves near term.

Divergensity

Tata Motors DVR looks like its forming a corrective pattern after breaking out of the downward trend line. Once the corrective pattern is finished in the 1 hour time frame, I think we will get to see an upside- either a corrective upside (C wave for further decline) OR a move to retest the 240 top. Near term, I guess there is atleast one upmove pending after ...

Divergensity

HUL seems to be in a commonly occurring pattern where there's a flat pattern between two major moves. Now that the recent highs are tested, probability is that the price will test the low again and then make a major upward move. My view is that HUL will dip to retest the lows first and then move up. I would look to Buy, after THE dip.

Divergensity

Eid Parry could be in a Flat pattern consolidation. The waves A,B are done and we might possibly get a wave C- a move UP in the 1 hour time frame. Risk Reward seems good too. But first, let it finish its current lower time frame consolidation.

Divergensity

JK Bank looks like its in a daily consolidation and once its done and breaks out, its highly likely to retest the previous highs which translates to a very good risk/ reward profile. The potential profit could be close to 300% and thats why I am closely watching this. An ideal investment opportunity. DO NOT buy at the current levels coz the way I look at it, the...

Divergensity

Dabur seems to be in the C wave which means it could go back to the previous highs. Now it can either shoot up straight from current levels or consolidate first and then go high. The highlighted consolidation can repeat itself -in the opposite direction- which can give a good risk/reward than from current levels. Watch out for a consolidation and IF it happens,...

Divergensity

Like I mentioned in the earlier post, my view is that Vedanta will try to move up side after each consolidation. I see a 1 hour consolidation has possibly ended and its now trying to head higher. In the short term, I expect Vedanta to move back to the top to the 195 levels and beyond before another round of consolidation.

Divergensity Updated 

Havells has probably finished what could be an expanding Flat. Now its in a one hour consolidation. My view is that once the consolidation is done, it should break out to the down side, with a very favorable R/R. The earliest targets are the retest of the previous low. It could still continue to go lower in what looks like the C wave, a possible running flat in...

Divergensity

It looks like Apollo tyres is in its Flat pattern (ABC) completion on the DAILY time frame and is currently continuing to finish the next leg of the C wave. The correction within the C (The running flat) wave is done and now its heading lower towards the "A" @ 126 levels from where its most likely to reverse and go upwards. Long positions could be avoided and a...

Divergensity

OANDA:USDINR USDINR seems to be in a complex correction. After the recent running flat, it looks like its going to the upside for a C wave. For the short term, its likely to retest the previous highs and slightly beyond till about 71- 71.5 levels.

Divergensity

The JPYINR pair seems to be in a daily corrective structure, however the final leg of correction to the upside is still in progress. Any possible pullback could be a short term buying opportunity. A retest of one of the two recent tops is likely.

Divergensity

It is possible that Grasim completed an Expanding Flat Pattern and now that the C wave is done, it is most likely to go retest the previous low and beyond. A safe stop could be the High made by the C and the target being the 127 Fib.