Divergensity

Divergensity

UPL has been in a long time sideways move. It's likely that it's still in a correction and there is one move up, pending to complete a 3 wave corrective pattern, a Flat wave. Looking at the bull flag formation at the lower end of the price line, a breakout to the top can see a continuation to the upside to Retest the previous Highs. The risk to reward looks...

Divergensity

"GBPJPY looks like its in a Flat" move. Initial move up, followed by 3 waves correction and then a continuation move up- A simple setup. It seems to have completed 2 of the 3 the waves (A , B) and is now likely to head down for the wave C. This move down completes the 3 wave corrective pattern which means, after the move down, GBPJPY will head up. A classic...

Divergensity

EurUSD made a strong move up and has been quite impulsive since the last few weeks. I see a 240 divergence at the current highs. This probably indicates that this move up will now get into a corrective phase and remain sideways over the next several days. I Fib'ed just the current impulse and I wont be surprised if EURUSD corrects to the 38.2 or even 61.8 fib...

Divergensity

ABB has moved up impulsively, made a nice corrective structure in the form of a Flat (ABC). I think that the wave C of the Flat pattern is done and now it will head in the upside direction, as a continuation. A retest of the the previous highs is possible. We are looking at close to 60-65% kind of price move in the current setup. Low risk and good reward...

Divergensity

Jindal Steel is in a very interesting pattern. This broken out of the Daily consolidation/ corrective down trend. Entering long here could be risky but If we see a consolidation here in the form of a flat indicating a continuation, then it is a good buying opportunity- to retest the Daily highs and possibly go beyond. For a favorable risk / reward, I would...

Divergensity Updated 

Exide looks like it completed a running flat - a sideways move, after the initial upmove. I expect an upmove next, in the same direction of the first move. I see a low risk , high reward setup here. The initial upside target could be the "b" point of the flat and there is a good chance it can continue moving up after the initial target. Its a classic continuation...

Divergensity

GBPUSD looks like it completed a 60 min Flat pattern - this is most likely to continue in the upward direction. I see a low risk, good reward setup to go long on this pair. ** This is not a trade advise**

Divergensity

I think EurNZD is in the 3 wave correction as of now. The first two moves A,B are done and now its likely on its way to finish the C wave. It might form an expanding flat where the C goes beyond A. Ideally, I would look at A as the target price while trading the C wave. The chart is simple and easy to follow. IF there is a buy setup with low risk, THEN I would...

Divergensity Updated 

Natgas is looking upside. From what I see, its in the three wave correction and is in the wave C. This upon completion can give an opportunity to go long, with a favorable risk reward. As of where it stands, short term sells are possible till it reaches "A" but I would like to see it complete the "C" and then look for a potential long entry. The pattern is...

Divergensity

USDINR seems to be inside a complex correction. There is a good probability that this pair will retest the highs once again as shown in the chart. There can be further clues for the next direction once the top is taken off. I see a decent risk reward for long opportunity. I would be skeptical to short USDINR here but instead prefer to go long on this. ** This is...

Divergensity

LICHsg looks like its gonna be retesting the lows once again. The whole structure on the left looks corrective upside and now there is a consolidation which on a break out, can go towards the lows. This looks like a good term short sell opportunity. The risk reward is decent too. ** This is not a trade advise**

Divergensity

Bitcoin has a clean pattern on the Daily. It looks like it spent good amount of time in correcting the impulse up and now its possibly attempting to breakout. The recent spike yesterday could be the start of this consolidation. From where it stands Bitcoin can actually go back and retest the lows but I think that probability is low. There is a possibility of ...

Divergensity

Cadila Health can correct to the downside after the massive impulse up. This is for the short term where the moves would be to the downside. I see that Cadila has now probably completed a running flat - a break of which could mean a move lower. I see a good risk/ reward for the short side. ** This is not a trade advice**

Divergensity

Titan looks like it will head down however from what I see, it will likely finish a Flat before it moves down. So, IF titan pulls back up for the C wave AND IF there is a sell setup near the C termination, THEN its a possible Short trade. ELSE, wait for a clearer setup for either Long or Short. Cant get simpler than that. **This is not a trade advice**

Divergensity

Infy does look like it going to make higher highs, however I would suggest to wait for a Higher "Low " before going long on this. The corrective pattern that Infy is doing is a simple ABC flat and I think the C down is pending. Post completion, it can resume its up move. One might even look for a short term short opportunity depending on the entry technique. From...

Divergensity

We see three moves after a massive down move. Hind Petro is probably in a complex correction or a simple correction . However in either case, the next move's probability is higher for a downward direction to retest the "A" level. Once at that level, we can look for clues as to where next. If this is a complex correction, we would see the final C up, else it will...

Divergensity

EURINR is in an interesting pattern formation. If the current move after the flag is a flat, then the next move is an UP. I would need a flag or a lower degree flat to go long for a target to retest the recent top beyond the B of the flat. Its a simple "If-then-else" thought flow. **This is not a trade advice**

Divergensity

Hi! Its been a while since I posted any ideas. Here's one setup that I like. Havells would have completed a running flat heading to the downside and now has given a pullback. This could be used to go short on Havells for a a possible low retest in the near term. I would wait for a lower degree flag or flat can be used to enter the short side. ** This is not a...