KOTAK MAHINDRA BANK ON THE WATCH VIEW ON KOTAK MAHINDRA BANK
:-THE RANGE IS NARROWING DAY BY DAY
:-CONFIRMING POLE FLAG PATTERN
:-POLE FLAG PATTERN IS A CONTINUATION PATTERN
:-I.E WE EXPECTING A BREAK ON THE UPSIDE
:-DIVERGENCE VISIBLE IN THE CHART
:-WAIT AND WATCH APPROACH
:-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL
:-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Positiontrade
SRTRANSFIN (Shriram Transport Finance Company) SELL BELOW 1060SRTRANSFIN (Shriram Transport Finance Company) SELL BELOW 1060
Making a falling triangular pattern, breaking the lower trendline will have more selling pressure.
Buy Suven for positional. Strategy is to buy on dips.As can be seen the price has been trading above the Cloud on a weekly TF which means the stock has entered a long term bull market. With all other indicators (A/D line, Other Ichimoku indictors, Moving averages) pointing to be on the long side. The stock can be bought on dips at the Tenkan and Kijun levels in small quantities.
Happy trading / investing
Regards
Shamoil