Divergent_trader

Divergent_trader

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

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

POINTS TO NOTE: ______________________________ 1. Stock is in a minor uptrend forming Higher Highs and Lows 2. Price is near support. 3. It has broken out of a downwards trendline. A long can be initiated as follows: Entry above 961.8 SL 952.6 Targets of 978, 986 RR 1:1.77 As always, keep your trades within your risk appetite. And always enter SL first.

Divergent_trader

POINTS TO NOTE: 1. A stock that has been a continuous downtrend, is Nazara getting ready for a possible reversal? 2. Drops to the levels around 500 are being met with volume spikes that push the price up. 3. The 1st test of the lows was met by big volumes coming in. 4. Now once again CMP has reached the previous zone. A trade is not yet visible in the scrip....

Divergent_trader

Disclaimer: Always trade according to your risk appetite. Always enter SL first. Levels & logic explained in chart. RR is 1:2 Thank you.

Divergent_trader

A cup and handle pattern in Zeel in the 1hr chart. A long can be initiated as follows: ____________________________ Entry @227 SL 222.5 Targets 235, 239 As always take your trades based on your own risk appetite. And enter the SL first!

Divergent_trader

Disclaimer: Always trade according to your risk appetite. And always enter SL first. A short trade can be initiated as follows: Entry below 413.05 SL 418.3 Targets of 406, 399

Divergent_trader

Disclaimer: Always take trades based on your own risk appetites. And always enter SL first. Points to note: 1. An important zone of 800-810 tested repeatedly, getting rejected every time 2. Level finally been broken with the help of strong volume upsurge. 3. A good rounded base formation A Long trade can be initiated as follows: Entry above 839 SL...

Divergent_trader

Disclaimer: Always trade based on your risk appetite. And never forget to enter the SL. A long trade can be initiated as follows: Entry above 2925 SL 2815 Targets of 3155 Happy Trading...!

Divergent_trader

Disclaimer: Pl take trades based on your own risk appetite. And always enter your SL first. A long trade can be initiated, as follows. ___________________________________ Entry above 270.85 SL 262 Targets of 285.3 RR 1:1.6

Divergent_trader

Drreddy has been repeatedly testing an important resistance level of 4400. Forming a double bottom, Drreddy has established a good base & is now ready for breakout above 4400. Trade is as follows. Entry 4365 SL 4239 Targets 4644, 4796. Please trade according to your risk appetite. Once in the trade, enter SL first. Happy Trading!

Divergent_trader

OIL INDIA has broken out after successful tests of important support level 220. From this level of 249.7, targets of 282 & 303 are possible, with an SL of 215. Enter only with your own risk appetite. Thank you & Happy trading!

Divergent_trader

All price action tells a story. This is MY interpretation of the story of ABB. Based on this, a trade will be taken above 2349 for a RR of 1:1.5. Levels in the chart. Note that the Target is set based on the past support trendline, which will now act as resistance. 1) Price was bouncing off a support line established since September 2021 2) After a violation of...

Divergent_trader

An inverse Head n shoulder pattern seen. ONLY above 572.7 is this observation valid. SL of 556 & targets of 600.6 can be achieved. Happy Trading! Always feed in your stop-loss first

Divergent_trader

An Inverse H&S reversal. Above 341.3, targets can be around 392. with an SL of 308. Happy Trading! Always feed in the SL first.

Divergent_trader

1. Price at a 61.8% retracement level. 2. A bullish Harami pattern is printed at the 61.8 % level 3. ADX shows a healthy trend. Levels are as follows. SL-1200, Buy at CMP(1312), Tgts of 1473. Always take trades based on your money management. Happy Trading!

Divergent_trader

HTMEDIA is bouncing off the Support Trendline & Demand Zone. Stochastic RSI is in oversold Zone & given a crossover. A trade for a 1.5/1 RR can be taken, above 27.95, with a SL of 25.5 & for targets of 31.7. Always take trades based on your risk appetite. Happy Trading!

Divergent_trader

A 6-month Parallel channel breakout is seen in this stock. A double bottom with MACD-H divergence precedes this breakout as well. This can indicate a strong trend ahead. Levels are as follows. Buying above 2494 with a SL of 2325. Targets of 2700 can be expected. Please trade according to your risk appetite. Thank you & Happy trading.