Ascending triangle pattern formation is seen
one can take advantage of this pattern and take long position and make use of stop loss should be below lower trendline
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buying signal is seen in ema crossovers and there is positive divergence in RSI and all th levels marked are Fibonacci LEVELS
Trade accordingly
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Kotak Bank at a very intresting place. The breakout on upside can make it see 1990 target. Also the the brekdown of 1685 can make it go to even 1600 number.
Kindly exit from all your equity holdings and forget market for next 1 years as investment. We can miss only 5% to 10%. The probability of 20% sudden downfall is open. S&P 500, NASDAQ , DJI are near their long term resistance. Money is rotating from one sector to another. Those stocks in which public holding increasing, they are not moving up. What happen to PSU...
As you can see in the chart. If we crosses above resistance of horizontal trendline marked in the chart we can see huge upside movements in the coming week. Keep a look at the nifty IT sector in the coming couple of weeks.
Nifty witnessed its daily momentum going back to buy mode. The hourly chart above shows an attempt to break out on the upside of this triangle that would be successful once we close above 14770. an impulsive move upwards has been presumed from the low of wave E and apart from any small dip should continue to drive us higher. The only thing still missing are...
