Kotak Bank is forming hanging man pattern in the 4 hr chart and it confirms with second bear candle for the target of 1630 which is at the short term demand zone and there after it starts consolidating between the current levels for few weeks.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.1.
On the other hand, short term forecast is uptrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target:
Set the stoploss of these orders at breakout of R2=143.25.
Stop and reverse:
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
PNB is in the exact demand zones which i have marked as green and Supply exist at the red zone . One who look for the positional as a investment then this stock is in the attractive price and you can start accumulate until 55 levels, With a stop of 50.
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based...
Infy is plaing hide & seek with traders, in the last 3 sessions it formed 3 dojis (tri star doji) these formations comes close to a very high intensity supply zone. While all other IT stocks were faltering infy kept itself tightly clinged to the range, if the range is not taken out buy the buyers in a session or two, it will result into some fast corrections. The...
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
Key Levels for YESBANK are : t.me - JOIN TELEGRAM CHANNEL
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