KOTAK BANK : form of ascending broadening wedge on 15min chart
Updated
#KOTAKBANK after false breakout the triangle pattern on 1 day chart, stock again enter in the pattern. Stock is forming the ascending broadening wedge after a bullish movement on 15 min chart and also shown breakdown from support line that confirm the pattern.
Showing Mix result in Technical Parameter:
CCI is Neutral
RSI is Neutral
William %R is Bearish
ROC is Treading Down
Stoch is reversing from overbought zone
New short
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Support : 1315 and 1300 and 1294
Breakdown : 1340
LTP : 1350
Breakout : 1360
Long Target : 1380 and 1400
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Positive & Negative Point:
1) Bullish in Daily/weekly and Neutral on Monthly chart
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Showing Mix result in Technical Parameter:
CCI is Neutral
RSI is Neutral
William %R is Bearish
ROC is Treading Down
Stoch is reversing from overbought zone
New short
----------------------------------------------------------
Support : 1315 and 1300 and 1294
Breakdown : 1340
LTP : 1350
Breakout : 1360
Long Target : 1380 and 1400
----------------------------------------------------------
Positive & Negative Point:
1) Bullish in Daily/weekly and Neutral on Monthly chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Trade closed: target reached
Hit the Upper target 1380 & Bottom Target 1315 both
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