KOTAKBANK-Consolidation+ Up move = Reversal Expected or Bullish?
KOTAKBANK Observations:
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
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Keep an eye at these levels.
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Price is clearly taking support from the trendline, now its time to look at 1980 level is rejecting the price or not. If trendline breaks and retest will go for selling.
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opens at trendline
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Đóng lệnh: đạt mục tiêu:
Target 1 reached
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
