i see a good probability of theis stock going to get strength on monday see a two day trade setup to go long for 1909 and 1935 target !
KOTAKBANK broadening wedge. Please use this as a reference in addition to your analysis.
can show strength AND definitely WILL HELP BANK NIFTY TO GO UP or act as a support for the same !
i would like to go long in kotak for a good upside target!
will wait for confirmation and sell kotak for immediate target of 1020
:- Neutral stance as of now, as the move currently not confirm as the c wave is not confirm as it can go more south until 161% retracement. :- but if it breaks to the upside it may form a new leg of the move. :- risky trade( short when close below 100MA book profit at 161.80%) (long when break the trend line to the upside) :- and yes it is also holding middle...
After making new lows and highs, it seems bullish and uptrending. It is expected to break out from the rectangular consolidation. Keep a close watch on it.