KOTAKBANK-Consolidation+ Up move = Reversal Expected or Bullish?
Diupdate
KOTAKBANK Observations:
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
Catatan
Keep an eye at these levels.Catatan
Price is clearly taking support from the trendline, now its time to look at 1980 level is rejecting the price or not. If trendline breaks and retest will go for selling.Catatan
opens at trendlineCatatan
Catatan
Trading ditutup: target tercapai
Target 1 reachedCatatan
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Thanks for your Support **
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