Divergent_trader

Divergent_trader Updated 

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 Updated 

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

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 Updated 

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 Updated 

As seen from the chart, stock has formed a good base with four bottoms, & is ready for upside only once 37.85 is taken out. Targets and stop loss are mentioned in the chart itself. All the best. Please keep in mind your money management before entering any trade, & always enter the SL first. 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.

Divergent_trader Updated 

Evident from the chart is a breakout of a triangle forming since April'21. Trade with buying above 240 for targets of 277 with SL 218. Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation. Thank you & Wish you all a...

Divergent_trader

{{Trade Setup}} 1. Price in a downward channel since May. A breakout on 4th Oct, with volume. With subsequent retest & took out high of the breakout candle indicating follow-up buying post-breakout. 2. 200MA acts as long-term support. {{Levels}} 1. Entry above 79.75. Targets of 87.4 & 99.6. SL - Daily closing below 72. Note: Please take trades after making...

Divergent_trader

{{Trade Setup}} : A Weekly symmetrical triangle is observed forming since Dec'20. Price breakout was printed on 13th Sep'21 supported by breakout volumes. After breakout & retest, price is sustaining outside the triangle range. {{Targets /SL}} : A safe entry can be initiated above 82.65. Targets are set as the triangle pattern height at 118. SL will be a weekly...

Divergent_trader Updated 

REASONS FOR ENTERTING TRADE 1. A pole flag structure with the base of the flag bouncing off the 200EMA. 2.This 200EMA bounce point coincides with the long-term support trendline, 3. & the 61.8% retracement of the pole. 3. Price sustains above the flag range after retest Buying above 65 for a projected price target which is set as the pole height, from the...

Divergent_trader Updated 

BEML price has broken out of a triangular consolidation. BEML can be bought above 1380 for a target of 1510, SL 1300

Divergent_trader

As price continues to make lower lows & lower highs, an AB=CD pattern is observed. The C point is a 78.6% retracement of the AB move, while the D point is at a 1.27BC extension. A Potential Reversal is anticipated from the D point whose completion point lies at C (minimum). Plus a candle engulfing the previous 4 candles in the PRZ is a favorable indicator. Note...

Divergent_trader

Prices above 200ma have historically taken support on 50ma. Today, once again it bounced off from 50ma by printing an Engulfing candle coupled with a Stochastic RSI Crossover. Note the Engulfing candles cover the whole body of the previous candle, ignoring the wicks. With these reasons, a buy can be initiated above the close of today's candle ie., 249.85, with...

Divergent_trader Updated 

Buying above 1489 for targets of 1700. Logic explained in chart.

Divergent_trader Updated 

ITC looks good at 214 for a target of 230. After repeatedly taking support near the 200 zone since January, price has broken out on 23rd July. Now it looks ready for move till 230, which is kept at the 78.6% retracement level. Thank you. If you like my idea, please check out my other charts as well.

Divergent_trader Updated 

Reasons for trade : 1) A double bottom spread over 3 months. 2) Price breakout of downtrend with simultaneous volume breakout on 2nd Sep'21. 3) Price sustaining above 200MA 4) A low-risk setup of 2.5 RR Buy above 1144.3 | Targets 1431 | SL 1030.