My System - My trades.

[checkmate7]

The reason is there is a divergence in OBV and Price.

:thumb: Divergence is best it gives sure shot profit.....

 

[varunkochhar]

It should not breach today's High. If it does then will short again near 3045. If it falls from there we should get 50/80/100 points. The SL would be small (just above 3060)

 

[varunkochhar]

What i am looking for is today's high of OBV to be breached for strength.

 

[varunkochhar]

 

[Vivekra79]

hello mr varun...how r u....sir, can u study hindalco charts and advice me ...
i have bought hindalco 195 call at 2.70, reason to buy call is:...divergence in price and OBV i.e. there is continous decline in price from 192+ to 181 (till today) along with constant increase in OBV value....pls correct me if i m wrong.
thanks in anticipation sir...

 

[varunkochhar]

Vivekra ji You can keep a SL of today's low or better still 176 as SL.

 

[varunkochhar]

so Divergence did the trick

 

[checkmate7]

so Divergence did the trick

Varunji what I feel crude listens to divergence more than anything else ..... Today Tuna bhai got loss due to divergence earlier which he saw later....

So now I am planning to enter crude only when I see divergence

 

[niftytaurus]

Good Evening Varun Sir
Thanks for all the knowledge you have shared with us.
Could you please tell how many kind of Divergence should we look for in crude? I meant what kind of divergence should we prefer?
Price makes higher high but obv is making lower high..then market will go down..this is most clear divergence..what other kind of divergence can we see in crude?
please put insight on it
thanks

 

[varunkochhar]

NT ji i look at price if it is near or higher than a significant point like day high and the OBV is lagging behind (i.e it is still far off from its high) then i short at the first sign of weakness in price. So effectively it translates to price making a higher high ( or close to a higher high) but OBV is not upto the levels.