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nalinakshi
Mar 11, 2018 8:17 AM

very Interesting pattern on weekly chart Short

KOTAK MAHINDRA BANNSE

Description

Kotak mahindra is ready to move down, be ready to take sell trade

Comment

ATR is indicating low volatility and DMI has given sell signal, as soon as the volatility picks up you will see slide in price

Comment

Comment

it will be very good short trade if you execute with proper levels,
Price rejection can be expectecd at 1097 and price trades belwo 1073 expect the first target of 1065 if you hold position it sdwill reach 1021, it may take stwo days kto go there.

Comment

Comment

it is approaching resistance

Comment

Comment

15 minute chart showing resistance and support. to take intraday trade, please click on the link above to get idea

Comment

Comment

time materialised
Comments
hotpot64
Please inform what would be the SL
nalinakshi
@hotpot64, today momentum took t the price above 1097, first stoplos 1011 and 1031. watch out for price action and take the call
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