Divergent_trader

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 :...

Divergent_trader Updated 

Kotarisug after multiple rejections, has been broken out of a neckline resistance with good volumes. With a solid base, chances of a successful breakout & follow-up increases. Points to note before initiating Long: ----------------------------------------------- 1. An inverse H&S base with multiple touches to the neckline, respecting that resistance. 2. Volume...

Divergent_trader

Points to note: 1. A STRONG DEMAND ZONE near the 34-36 range, formed and sustained repeated tests. 2. A (final?) TEST BELOW the zone attempted yesterday & rejected with vol., leading to belief that sellers have lost interest. 3. A DESCENDING TRIANGLE formed. Therefore, a good move can be expected. ____________________________________________________ Aggressive...

Divergent_trader

Points to be noted: 1> A neckline resistance of 1937 levels is being tested repeatedly & getting rejected 2> For any reversal to sustain, a good base formation must precede it. Here we have a Cup & handle rounded base as a solid foundation 3> A good consolidation usually results in a healthy breakout. We see the stock has been in range for more than a month....

Divergent_trader

As your time spent with the market increases, you start to discover things about the nature of the trading game. Why they say its simple not easy. Why do 95% of traders end up losing money? Why is consistency so difficult to achieve? Can I even make consistent profits? Only after going through huge drawdowns, it gets embedded within your psyche. You realize that...

Divergent_trader

Madrasfert has been attempting to breakout of a resistance zone around 51-52 levels. After multiple attempts and rejections, now one more attempt is being made, this time with good vol. & RSI showing strength above 60. To sustain the breakout, a strong base formation has also taken place, providing a good foundation. So, consider following points before...

Divergent_trader Updated 

POINTS TO NOTE BEFORE INITIATING LONG: ------------------------------------------------------------------------------ 1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows. 2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months. 3. Now a shift to an upward...

Divergent_trader Updated 

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 Updated 

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 Updated 

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. Always enter SL first. Levels & logic explained in chart. RR is 1:2 Thank you.

Divergent_trader Updated 

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 Updated 

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 Updated 

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

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 Updated 

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!