KOTAK BANK case study
KOTAK BANK SPOT CMP 1957
HARMONIC STUDY
TIME FRAME :- 240 MINS
Pre assumption of harmonic Gartley pattern formation,
Where leg C might max extend upto levels of 88.6% of wave AB
At the moment counter have reached the max retracement levels,
So leg C might mature around cmp level to levels of 970
And soon led D might unfold which would lead the counter to much lower levels,,
View gets negated above 2000 levels on daily closing basis
Fresh investments recommended above 2000 levels
Use this rally to exit from long position,
Time to be Cautious on long side in this counter.
HARMONIC STUDY
TIME FRAME :- 240 MINS
Pre assumption of harmonic Gartley pattern formation,
Where leg C might max extend upto levels of 88.6% of wave AB
At the moment counter have reached the max retracement levels,
So leg C might mature around cmp level to levels of 970
And soon led D might unfold which would lead the counter to much lower levels,,
View gets negated above 2000 levels on daily closing basis
Fresh investments recommended above 2000 levels
Use this rally to exit from long position,
Time to be Cautious on long side in this counter.
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