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NeeteshJain
Aug 28, 2016 5:17 AM

KotakBank - Forming A LEADING TRIANGLE PATTERN 

KOTAK MAHINDRA BANNSE

Description

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
yuvrajsingh7722
nice..i was also anticipating the same view.
NeeteshJain
Good to know, It shall breaks out tomorrow. Regards
UnknownUnicorn330774
Nice breakout today..
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