i am bullish on the basis of structure and looks that it will continue its upswing in the coming days .
structure looks well , important base at 158-165 zone upside can even be above 210 as it tested the levels multiple time . risk reward in favour on long side .
the above mentioned levels will act as a TWIST in tale .. the above level are not spontaneous but have a well informed analysis ,. ..
will go long in kotak for intradY 2 % target of 1059 , 1071 ! sl 1038
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!
ITS WEAK BUT SELL ONLY BELOW 1005 LEVEL TO GAIN MORE BY STOP LOSS OF 1020 FOR TARGET 980 NAD EVEN MORE
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.