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NeeteshJain

KotakBank - Forming a LEADING DIAGONAL TRIANGLE pattern

KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
NeeteshJain  
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Leading Diagonal KOTAKBANK BANKNIFTY NIFTY
9
2
leadingdiagonal kotakbank banknifty nifty
It is interesting to watch the price action forming a leading triangle as it can represent a new Wave 1 after a all time high breakout. This chart pattern is generally known as continuation trend pattern and subdivides wave structure in 3-3-3-3-3-3 that indicates consolidation between buyers and seller to move prices.

The breakout from here on will define trend and keeping it on my watchlst for tomorrow.

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