Kotak Bank - Intra or Swing Idea

#kotakbank Intraday or swing idea for few days, Forming a trusted W pattern...above 1845 can show 1880 1920 or higher...


Sir I have a doubt why bullish engulfing pattern failed in this chart despite bullish engulfing candle has big volume ,rsi going upward and bullish engulfing candle not having longer wicks or tail
vpatil10 ls30281
@ls30281 Candle close is also a very important factor that we always need to consider, see levels were to enter above 1845 and candle did not give a closing above this level so it retraced again to the current support zone on this 30 minutes timeframe and then moved higher to go up...now this time it has given a closing above 1845 level so it is good now for the targets mentioned in the idea...
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