Its currently on support level. Harmonic pattern spotted.
Kotak Bank may bounce from the swing. My setup will be Kotak Bank futures or Kotak Bank August 990 PE at 11.55. If Kotak Bank consolidates; I will head for Kotak Bank August 990 CE at 23.10 and Kotak Bank August 990 PE at 11.55 for which will constitute a straddle then. Initial Credit = 23.10+11.55 = 34.65 Upside Breakeven = 996.20 + 34.65 = 1030.85 Downside...
Trump completed our pattern. Technically it is a buy now unless US market dances tonight.
The conservative AB=CD Pattern. In this case, our C Point Retracement is 0.886 and the reciprocal BC Projection is assumed to be 1.13
Just another discussion - Personal Study
NIFTY BANK is taking support at this level. Short BANK NIFTY 24100PE AT 110.60. Close it at 80. If you want to hold beyond 80 then target is subject to change from further movement.
MRF will fill the gap like it always does. Wait for the trade to trigger. Or it will consolidate there for sometime.
Shorting a bank in this bullish run has high chance of shorting your capital but I am taking the bet to short HDFCBANK Aug 1860 CE with current CMP at 11.5 based on the harmonic pattern I see in its monthly chart.
Raymond is in consolidation since decades. Short Raymonds 830 CE.
It flown high with the good results so today you may see profit booking but it will fly higher.
Canara Bank earnings missed estimates while asset quality worsened Deutsche Bank maintains Sell rating on Canara Bank with a price target of Rs 250 Betting on reversal with a swing high.