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KOTAK MAHINDRA BANK as on 06.08.2021FALLING WEDGE PATTERN FORMED!! Breakout candle also formed!! MACD showing strength!! RSI above 60!! SAME PATTERN FORMED IN A WEEKLY CHART TOO WITH BREAKOUT!! Flag formed in a Monthly chart with a breakout candle!! EMA 5DEMA crossing 13 and 26 DEMA in day chart!! SO many confirmations!! CAN MAKE A NEW HIGH!! TARGET=1900/2000 STOP LOSS= 1750/1630 OR TRAILLING STOP LOSS!! (THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DO NOT TAKE IT AS ANY BUY OR SELL CALL)
NSE:KOTAKBANK
by shivamalang
MAHINDRA & MAHINDRA as on 09.08.2021FALLING WEDGE PATTERN FORMED!! IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!! Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!! CAN retest and move up !! MACD sowing good strength after a long time !! RSI coming back towards 60!! EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!! TARGET PRICE=955/988 STOP LOSS=753/719 WEEKLY CHART MAKING SAME PATTERN!! MONTHLY CHART MAKING A BREAKOUT MOVE!! GIVING GOOD SIGNALS!! (The above analysis is only for study purpose do not take it as any buy or sell call)
NSE:M_M
by shivamalang
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