1) On 1 day time frame, we can see that it sustain and tested 21 DMA and took support from it.
21DMA is placed at 1995.78 level. Also another critical level is 2000 level.
So range of 1995 to 2000 will work as critical support zone.
Please refer below chart : 1day Time Frame. ...
Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –
1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into...
1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence.
Please refer below chart.
2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which...
1) On 1 hour time frame we can see it made higher low, while RSI made lower low. This can be act as hidden bullish divergence.
Please refer Chart below: 1 hour time frame.
2) On 15min Time frame, we can see it made almost flat lows in price action, while RSI is making higher lows. This...
The stock was in the bearish territory for a long and we have seen the breakout, you can buy if we see the restest zone around 1720-1680 for the marked upper targets.
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InvestPro India Team
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Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
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...
KOTAK BANK BUY ABOVE 1820 on closing basis
POSITIONAL TARGETS: 1840, 1860, 1890, 1920, 1960, 1995, 2025
Posting for Educational purpose only
Closing Basis means stock need to trade above 1820 between 3:25 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
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.