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Retracement

KOTAKBANK again moving towards four digit...One of the best stock in banking sector for trading and also for portfolio permanent membership as per my reading about stock movement and managements future projection. Stock is in nice up trend which has started from 600 level. Stock is trading in a narrow range after breaking out of its three digit mark. After making its life time high stock price has retrace towards its support area and started moving in the direction of its major trend and recently breaking out of falling trend line. This is for educational purpose only we are long in the stock from lower level.
NSE:KOTAKBANKLong
by merushi22
Nifty : ABCD..ABCD..More of ABCD !Yep, ABCD's everywhere you go, repetitively thats why Kindergarten Admission confirmed & on lighter note some people maturity level is also upto KG levels only, trying to nag others & to pick up fight. Well, I'm supercool now, than ever :) Expecting Bat formation on hourly, keeping in view of our 9k fill, this needs to fail, probably a small short covering can happen around ABCD completion zone in Nifty 9070's zone. But if Nifty gets in Bear mood today,it will turn ruthless & filling all the gaps to the down. Just My intuition that its not in mood today, Nifty will get ruthless on its own time & preferences. So mostly, that retracement pullback will happen then a downside move to complete the bat pattern. Go down on time frames to find potential trade chances. You know friends, Most of time I won't give stops & targets, Learning on own is best tutor ever. Buddy's, if you have counter views feel free to drop a line below, I would love to have healthy discussions, bcos knowledge sharing is best thing happened to human race. For that one dear buddy who made futile attempt to nag with kindergarten sarcasm, Don't be so afraid of Me to oppose My views right in My post, I wud love to see you, Rightnow is the time bcos I'm supercool than ever :)
NSE:NIFTYShort
by InsiderB
34