Technical view for next week. Just for study purpose.
Bullish on KM Bank. 1. Made a flage patternon a higher tf 2. It has filled the GAP 3. It has retested the 38.2% fib levels twice 4. It has formed a double bottom on 3hr tf 5. There is a huge GAP around 1970
The chart analysis says it all. Can start taking long possion from 35900 levels to 36500 levels and hold. Please do ur R&D before investing.
Good Time to invest but with a proper Stop-loss and keeping the global situation in mind. Start small.
Only for educational purposes. Pls do your analysis before investing.
Consolidation stage on weekly time frame. If breaks below 16700 then consider it to be a double top pattern and can reach to 16400-16300.
NIFTY is creating a Rising Wedge pattern. Hold your horses.
