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.
Stock is about to hit support and buy at the reversal with the stop loss
Kotak Bank negative divergence on MACD, Shorting is preferred hear with High as Stop loss.
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.