POSITIONAL TRADE IDEA

13 сент. 2021 г.

Kotak Bank has given a breakout after a consolidation of more than 100 days, price has also taken support from 20EMA forming a BUllish Engulfing candlestick pattern. According to fibonacci retracement, price was trying to break the 50% resistance line and today it has successfully closed above it. Price can move further if it sustains itself above 1830 level, there is a small resistance at 1875 from that level price may give a retracement and can come to test the support. if the support remains strong we can see 10% to 15 % upward move.

23 сент. 2021 г.

Сделка активна

Price is testing and consolidating near resistance zone. wait and watch situation, if breaks out another entry can be done above 2052 with a SL below 1978.