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.