Cox & Kings- Will they take us for a ride with polarity reversal. Very strong zone of 199-200 could once again trick everyone- Trader should be careful of C & K if prices go close to the zone 199-200 & Holds or even give us negative confirmation or even prices going back below 195 mark & staying below shall not make good. In that case, we shall look for a support from the pink rising trendline & it could hit the 160-165 zone in coming days.
Green Arrow was support & Red Arrow was resistance in past which is forming our polarity reversal zone - A zone to be watched carefully.
Regards, Abhishek H.Singh, CMT
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14:30 Hrs- IST-30th Aug2016- Bang On. It kissed 199.50 & Falling Current Rate-194
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21:35 Hrs- ISt-30th Aug2016- As expected Cox & Kings took taking us for a ride. Bang On- Just went in the range of 199-200 shown & then a fall. Currently closed at 193.40. Vow