vpatil10

Kotak Bank - Intra or Swing Idea

NSE:KOTAKBANK   KOTAK MAHINDRA BAN
#kotakbank Intraday or swing idea for few days, Forming a trusted W pattern...above 1845 can show 1880 1920 or higher...

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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
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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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