Short

#BoxBO

Updated

#KotakBank a potential #Breakout candidate above 1830 DCB. Will go #Long in protection above 1830 with SL below 1800. Reason: 1830 level is tested 6 times and this time its trying to break it. If breaks out then can move to 1975-2000.

Note

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Note

Points to watch out

🟢 6 times price rejection near 1825 levels earlier. More the time a level is tested, the significance of that level goes. If breaks out above 1825, then can move higher
🟢 Bullish crossover of 20/50 DEMA and 12/20 DEMA. Bullish sign for the stock.
🟢 Stock trading above major moving averages 20/50/200 DEMA & SuperTrend
🟢 Weekly #RSIStairs broke out above 55 and daily #RSIStairs broke out above 60
🟢 High volume breakout seen in previous session. May consolidate before BO

Note

🟢 By mistake #Short tag was selected. However breakout happened and stock is up by 44 points. Now #TrailSL #RideTillEnd

Trade closed manually

Stock is up by 110 points 6.38% gains. Positions closed.

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