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Kotak Mahindra BankThis video is only for education purpose. It shows that how any swing trader can make a position in combination of support and resistance level and regression channel. We have analyze Kotak Mahindra Bank on daily chart. Bank is showing one way fall from INR 2000 to 1650. It is clearly shown with sliding regression channel. After touching 1650, stock goes up to 1693. One can make long position if and only if stock breaks upper limit of regression channel on daily closing basis. Note : - Please take your position after consulting SEBI registered investor advisor or analyst.
NSE:KOTAKBANK
by UnknownUnicorn39322609
Triple bottom in LALPATHLAB on one hour chartIdentified a triple bottom formation, which is a bullish chart pattern that suggests a potential trend reversal from a downtrend to an uptrend. This formation occurs when the price of an asset creates three distinct lows at or near the same level, indicating that buyers are stepping in to support the stock at that level. There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level, indicating that bears are taking control of the market and leading to a continuation of the downtrend.
NSE:LALPATHLAB
by HSJNFinWisdom
2
NZDUSD bears struggle with 200-DMA on RBNZ dayNZDUSD dribbles around a seven-week low as the Reserve Bank of New Zealand (RBNZ) announced a 0.50% rate hike on Wednesday. In doing so, the Kiwi pair fades the previous week’s bounce off 200-DMA amid a nearly oversold RSI (14). That said, bearish MACD signals and an early February reversal from a six-month-old ascending resistance line keep the sellers hopeful of breaking the 0.6185 DMA support. Following that, the September 2022 high of near 0.6160 acts as an extra filter towards the south, a break of which could quickly drag the quote to the last July’s bottom of 0.6060. It’s worth observing that the pair’s weakness past 0.6060 won’t hesitate to break the 0.6000 psychological magnet. Meanwhile, recovery moves need a daily closing beyond the three-week-old resistance line, close to 0.6275 by the press time, to convince NZDUSD bulls. In a case where the Kiwi pair manages to cross the 0.6275 hurdle, the previous weekly top surrounding 0.6390 and the 0.6400 round figure could challenge the upside momentum. During the quote’s sustained run-up beyond 0.6400, the previously mentioned ascending resistance line near 0.6545 precedes the double tops marked during late 2022, around 0.6570-75, which will be a tough nut to crack for the bulls before retaking control. Overall, NZDUSD is likely to remain on the bear’s radar and hints at more downside on the RBNZ day.
by MTradingGlobal
SBI Bank SMC Patterns Short Opportunity--------------------------------------DISCLIMER-------------------------------------------------- * All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ------------------------------------------ SBI Bank Level's ------------------------------------------ Trade : Sell at 587 SL 598 ( 10-11 Points SL) Target will be : 568 / 537 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- We are not a financial advisor and you should not construe any information discussed herein to constitute investment advice This only for study purpose. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you Trading Cafe 24
NSE:SBINShort
by Trading_Cafe24