Buy if price close above 1450 today Stoploss 1480 Target 1520 or any Reasons For Trade-1.Price has broken the support 1450 and recoverd easily near to level
2. Stoploss hunting was done by institutional traders
3.Pin bar formed near 200 Days EMA on 4 hour chart
4.Close above 1450 will expose higher side
5.Risk Reward 1:2
6.Trade with 1% risk of your capital
A very great pattern spotted in KOTAK MAHINDRA BANK that whenever the Range breakout is done in KOTAK Bank as target of 50% of the range value is opened, Right now KOTAK BANK is trading between range of 14401552 followed by which if it gives breakout on the upper levels can give targets of 1600 easily, Please keep an eye on range breakout and sustaining, In this...
BankNIFTY Today shot up and closed around 28110, NIFTY BANK has upper BREAKOUT level at 28230 followed by INTERIM RESISTANCE at 28400, followed by the FINAL RESISTANCE at 28550, BANKNIFTY on the lower level has BREAKOUT at 28054 followed by the INTERIM SUPPORT at 27883 followed by the FINAL SUPPORT at 27600,Please trade cautiously and consult your financial...
Use this strategy strictly in weekly time frame and take your position only when you get confirmation of sell signal. You can short 1500-1540 strike price calls also time is on our side as well.
Thank you MALKAN SIR for this strategy
Rounding Top pattern confirmed in KotakBank. Neck level 1467.5 is broken decisively and the stock can be considered as Short candidate. Do note that volume has been diminishing as the pattern was formed adding further confirmation of a temporary weakness. Target for short selling comes at 1394 according to the pattern, whereas 1400 as target could be safer.