The price was forming a symmetrical triangle that broke upwards. But the price is getting rejected from the 1820-1830 zone. The 200 MA is also acting as strong resistance in the 1830 zone. Hence 1830 is a crucial level. If the price manages to sustain above 1830, then we can head towards 1900 and upwards. I have made an illustration on the left-hand side, to...
If candle closes above 1815 buy
Target - 1825
If candle closes below 1808 sell
Target - 1793 /1788
If candle closes above 1830 buy
Target - 1904/190/1940/1970
If candle closes below 1787 sell
Target - 1773/1756
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered...
HERE IS THE CHART OF KOTAK MAHINDRA BANK 1 DAY CHART I FOUND OF TRIANGLE PATTERN BREAKOUT.
AND WHEN 20 AND 200 EXPONENTIAL MOVING AVERAGE IS PARALLEL TO EACH OTHER AND WHEN THEY GOING ANOTHER DIRECTION SO THE TRADE GIVES RIDING.
IN THIS I ALSO THINK THAT IT WILL BREAK UP SIDE.
MY TARGET FOR THIS IS = 1831, 1935.
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
FOR EDUCATION PURPOSE ONLY.
A channel is observed, the stock is trailing near the support region of the channel, and a reversal is expected in BANKNIFTY shows a positive trend in the coming days. If the price falls below 1950, we may expect a breakdown from the channel and further downside can be expected provided BANKNIFTY shows a negative trend to support the downtrend.
Overall, I feel...
Note: This is for educational purpose only.
There seems to be a hammer at 21 dynamic support as well as the last resistance turned support. The pullback has happened on back of low volumes which indicate weaker sellers.
I hope you can now see how KotakBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...