VIEW ON KOTAK MAHINDRA BANK
:-THE RANGE IS NARROWING DAY BY DAY
:-CONFIRMING POLE FLAG PATTERN
:-POLE FLAG PATTERN IS A CONTINUATION PATTERN
:-I.E WE EXPECTING A BREAK ON THE UPSIDE
:-DIVERGENCE VISIBLE IN THE CHART
:-WAIT AND WATCH APPROACH
:-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL
:-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins.
Bias - Bullish ⏫
Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
SYMMETRICAL TRIANGLE FORMATION IN INDUSIND BANK
PATTERN IS VISIBLE IN THE DAILY CHART
HAS A NEARBY RESISTANCE AND SUPPORT
VOLATILITY AFTER RESULTS SHOULD NOT BREACH THIS LEVELS
!!PLEASE NOTE THAT!!
BREAKING OUT OF PATTERN ON FINANCIAL RESULTS ALWAYS
RESULTS IN CLEAR DIRECTION AND TREND FOR MEDIUM
!!TODAYS BREAKOUT WILL BE A DIRECTIONAL...
Check out EXIDEIND. A Trade setup is possible very soon. Either a breakout or a breakdown the triangle.
This is NOT an investment recommendation nor I am a SEBI Registered Technical analyst.
Invest only after consulting your financial adviser.
I think market is at a crucial juncture so there is need to do some analysis.
Market has been in a very choppy range for the last week or so. The minor trends in this range were down as market has been making lower highs and lower lows.
What if this downtrend continuous?
Market has tested an important 50 % retracement level of 10856 on Friday. If market...
Here I come with another educational post. This time I will try to explain the breakout failure pattern along with the psychology and manipulation behind them.
For the sake of simplicity, I am taking examples of historical support and resistance levels. I will only explain the breakout failure pattern assuming that the breakdown pattern will be read upside...
BankBaroda is within a clean Flag and as it consolidates after the recent sharp rally, momentum indicators have dropped to create overhead space to go overbought again. This will fruity, if we get a breakout above the 151-152, essentially the long red bar's high (i have marked the level with the dotted blue line). On the downside, a dip & close below the recent...
-stock managed to break-out from its flag pattern on 19th dec
-it also found new support @50-dma (700)
-macd has shown positive crossover
-rsi is shown momentum
-it looks like we will test 730 before we enter oversold zone
PLEASE LOOK IN THE CHART BEFORE INVESTING.....
All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
Thanks for your response to my last post in which we discussed what happens after a breakout.
In this post we will discuss better ways to anticipate a breakout.
Although the types discussed are ideal that doesn't mean they are not possible in real time. That's why I have been posting some examples.
However, anticipating a breakout does not mean that...
Normally we see that after a spike or impulsive move the price gyrates in a trading range. This is the zone where most of traders lose money coz there is no clear direction to play. We can observe this situation in all time frames.
In order to play ranges we have to be patient and wait for price to break down the range. See 'A' in the left figure, this is the...