Divergent_trader

Divergent_trader

Points to be noted: ------------------------------------------- 1. A symmetrical triangle breakdown was done. Then price retested it and followed up the selling. 2. This follow-up was exhausted by a violent reversal back to the retest point. 3. This reversal was further cemented by a HH-HL breakout of the triangle. 4. Now a new demand zone has been created at...

Divergent_trader Updated 

Reasons to enter trade ---------- 1. Price consolidating in a range for more than 3 months 2. Price sustaining above the range. 3. Price gets rejected from below the support line & immediately starts trading above the range again, indicating strength 4. A small trendline breakout given, triggering the entry ----------- Entry - 1694, SL - 1626, Tgt - 1827, RR -...

Divergent_trader Updated 

Points to consider before entering trade. ---------------------------------------------------------------- 1. A symmetrical triangle consolidation inside of an uptrend. 2. A HH, HL Breakout with volume out of the triangle. 3. Such breakouts with Higher High Higher Low have a lower chance of being a fakeout 3. Targets will be of the pattern height measured from...

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...