DAILY FINANCIAL WISDOM: The Trend will give you direction on your path...
All the best and have happy trading..
It is good to buy on dips around 700 with SL around 680 for the TP of 750/775
Stock on break of 828 can move higher..If it doesn't cross in next few days then expect the stock to correct till 750-770 levels.
POTENTIAL BEARISH CYPHER @811 to 817 WITH POSIIBLE TARGETS OF 795.....790.......i relly dont know the exact cypher co-ordinates........
On 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...
KOTAKBANK 250% FIb Extension and Bearish Megaphone Pattern. Target lower bound of Megaphone
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...
As per the Elliott Waves, After Kotak breaking out from the all time high prices, now it has corrected with ABC correction. It is an ideal time to get in the trade and target for 780 levels. Go Long.
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...
KOTAKBANK breaking out after one and half year long consolidation. Could move up by 10% more before correcting. Target of 845 and SL of 744.