Look at the chart updated today. 1. Kotak has completed 5 wave in daily time frame. 2. Its in 3rd wave of A (downmove) 3. May have completed 3rd as it is extended more than 1.61x of wave 1. 4. We may see the move of Rs. 15-20 upside for 4th wave shown in the chart. 5. We may continue our down move after that.
Please do your own analysis before doing any trade. Your like motivate me to do daily analysis of the chart. You can even suggest the stock for analysis.