KOTAKBANK trade ideas
This is also in a running flat and sudden fall can happen...Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Short Kotak Bank for Rs. 150..Expecting Rs. 1350 from 1500 Kotak Bank is showing classical divergence in monthly chart. RSI is showing descending pattern (marked) while stock has reached new high. Earlier Trough of RSI which was formed after touching RSI > 70 line has broken while stock made new high in monthly chart. I think Rs. 150 correction from current level.
Previously stock made bottom while monthly RSI touched around 50 line. It is short term trade but long term trend seems to be intact ubless RSI break below 50. The chart is only for tutorial purpose and please do not consider buy or sell recommendation. Please do your due-diligence before buying or selling. I am neither technical analyst not SEBI registered Analyst.
NSE:KOTAKBANK