JUBLFOOD @ 528 (IS IT DIVERGENCE PATTERN FOR BUY??)

First look at the chart. Is it showing CCI divergency ???

The answer is YES but its have a twist. Read the chart carefully.

This is an one hour chart. 

The price action is showing negative trend as per chart mentioned below.

CCI Showing positive trend as per chart. That means trending the price is against the CCI trend which is showing positive trend.

Our tricks is simple. Where to buy and what will be logic ? Also you can see it can break the line also. So, pre-judgment is not also the best thing for your trading dairy without logic.

Now you have to put a line from the top hook to middle top hook. Middle hook stands on the area between the two point of the divergence hook which happened on CCI indicator.

Now here is a doubt. 

1. Top hook looking extreme and it's ok as per logic. 

Middle hook is not extreme like top hook and it's not a hook. It's soft hook as per my point. Hahahaha....

2. Middle top hook is not able to connect the line with top hook because of it's lazy formation. 

That means this is not proper chart for trading with CCI divergence rules.

If actual happen then it will be the point to calculate your point of profits like the below example with this Julifood stock earlier. This is 15mnts time frame chart and the result is here...

Let's hope you are using 5 mnts chart which means your target will be 0.20% to 0.30%.

For

15 mnts chart target 0.30% to 0.40%

30 mnts chart target 0.50% to 0.70%

60 mnts chart target 0.80% to 0.90%

120 mnts chart target 1.00% to 1.50% (depends)

Daily chart target 2% to 3% (depends)

Weekly chart target 5% to 10% (depends)

Monthly chart target 15% 50% (depends)

This target sheet is for your reference.