Shivam_Gaba

Potential Head and Shoulders Pattern

Satış
Shivam_Gaba Güncellendi   
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
A potential H&S Top pattern in Kotak Bank with neckline at 1630. Pattern target is at 1190.
Elliot Wave wise, Wave B (a triangle) seems near completion and Wave C which will be a five-wave decline is possibly next. Minimum expectation of Wave C is to be equal to Wave A which is at around 1490.
A negative divergence with momentum is seen on daily and weekly charts.

Note- Not an investment advice,
Yorum:
The stock has reached the lower trendline that can make it bounce around.
Yorum:
It has reached the neckline, partial/full exit can be done for now.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.