Could be a head and shoulder in formation.
Getting closer to the neckline (Head & Shoulders Pattern). But before that happens some upside(correction) is left
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern. It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...
Gold has been in downtrend since 29-8-2011 to 17-08-2017 approximately, Just to put things into context. Now, Gold closed above the trend line @ $1288.52 on last Friday. If it sustains above $1300 with good volumes then the uptrend in gold can be confirmed. There are also Fundamental reasons for gold to move up as as mounting tensions between the U.S. and North...