NeeteshJain

KotakBank - Forming A LEADING TRIANGLE PATTERN

NSE:KOTAKBANK   KOTAK MAHINDRA BAN
It is interesting to watch the price action forming a leading triangle as it can represent a new Wave 1 after a all time high breakout. This chart pattern is generally known as continuation trend pattern and subdivides wave structure in 3-3-3-3-3-3 that indicates consolidation between buyers and seller to move prices.

The breakout from here on will define trend and keeping it on my watchlstt for tomorrow.

Comments

nice..i was also anticipating the same view.
+1 Reply
NeeteshJain yuvrajsingh7722
Good to know, It shall breaks out tomorrow. Regards
+1 Reply
Nice breakout today..
Reply
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