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...
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...
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.
In my last analysis we caught some 80-90 points in our net. Our target was low enough, but locking profits is the key. Now again short with the mentioned target and sl and keep locking the profits.
BTST IN KOTAK MAHINDRA BANK
CONDITIONAL BUY:-CLOSE ABOVE 1260 IMP
BOUNCE FROM 200-DMA AFTER RESULTS IS BETTER
BUILDING LONGS +DELIVERY BASE BUYING
JAN FUT TRADE