This is my first post, I am a noobie, with no experience.
DISCLAIMER: TRADING INVOLVES RISK, ALWAYS CONSULT A PROFESSIONAL FINANCIAL MANAGER BEFORE TAKING ANY DECISION. I SHALL NOT BE RESPONSIBLE FOR ANY MONETARY LOSS, NUCLEAR ATTACKS, YOUR BANKRUPTCY, OR YOUR WIFE BEATING SHIT OUT OF YOU.IF SOMETHING HAPPENS AND YOU POINT FINGER AT ME I WILL LAUGH AT YOU.
INTRADY TRADE IN KOTAK BK FUT FORG MAY FUTURES
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
Currently it is trading at very crucial zone as per the Orderflow after it has given UP-trend on yesterday.
If it is able to sustain above CZ Zone, it can easily go till1615-1620 zone quickly
Sell Setup can be only initiated after break of trendline and CZ with WRC candle & Volume
the stock had seen a good fall from past couple of days and hads successfully filled the gap , while other stock like icici sbin kotak may witness a fall , this along with hdfc bank and rbl bank can give a good upside retracement.
Rounding Top pattern confirmed in KotakBank. Neck level 1467.5 is broken decisively and the stock can be considered as Short candidate. Do note that volume has been diminishing as the pattern was formed adding further confirmation of a temporary weakness. Target for short selling comes at 1394 according to the pattern, whereas 1400 as target could be safer.