KOTAKBANK : Wave B Reversal in Play – Targeting Higher Highs
Technical Analysis:
Structure: The stock has bounced from a deep retracement zone of Wave B, indicating strong demand and reversal potential.
Key Levels:
Educational Notes:
Wave B Demand Zone: A strong demand area often forms during Wave B, providing attractive buying opportunities.
Profit Zone Identification: Use Fibonacci retracement and projections to estimate reversal targets.
Disclaimer:
This analysis is for educational and illustrative purposes. Ensure risk management is in place and consult a financial advisor if needed.
Structure: The stock has bounced from a deep retracement zone of Wave B, indicating strong demand and reversal potential.
Key Levels:
- []Buy Zone: ₹1,705-₹1,750
[]Stop Loss: ₹1,685 (Below the demand zone) - Target: ₹1,950-₹2,014
Educational Notes:
Wave B Demand Zone: A strong demand area often forms during Wave B, providing attractive buying opportunities.
Profit Zone Identification: Use Fibonacci retracement and projections to estimate reversal targets.
Disclaimer:
This analysis is for educational and illustrative purposes. Ensure risk management is in place and consult a financial advisor if needed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.