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KOTAKBANK

Kotak Bank forming Bearish PIN-BAR PatternOn hourly chart, it is been observed that the price action forms bearish Pin-Bar pattern that indicates rejection of higher prices and weakness. It also states that there is high selling pressure from sellers that shall take the price down. It is also important to note that there is a GAP on hourly chart that shall be filled during the weakness. Therefore, it will beneficial to initiate fresh shorts and covering long positions. Target 1: 793 Stoploss: 823 Duration: 2-4 days
NSE:KOTAKBANKShort
by NeeteshJain
1
Kotak Mahindra Bank - A BIG BUY Currently, the price action of this one has broken all time high at range of 734-744, now after a breakout it has made a doji candlestick on the previous resistance range and made it a new support (In case, the price action goes below the new support range then it might be called as a false breakout) and I believe the price action of buyers will take the price further in north in coming days. Good time to enter a long trade for breakout traders or swing trader. As per elliott waves, it has just completed a wave cycle of 8 waves on daily chart (kindly find the picture of it in comments) and should go on with rally further to begin with new wave cycle. Risk/Reward is 1:3 for the first target. TRADE WHAT YOU SEE
NSE:KOTAKBANKLong
by NeeteshJain
1