BO or BD

16 Mei 2021

#KotakBank has formed a classical double top pattern with neckline support at 1683. It is trading below all major moving averages 20/50/200 DEMA. 50 WEMA placed at 1688. On weekly chart it has formed a #BearishEngulphing chart pattern with RSIStairs trading near 46.

Currently its trading near its demand zone where it had bounced twice in the past. Below 1683 it may go for a 200 WEMA retest. Technically any of my holding stock if trades below 200 DEMA then I take an exit from the counter till it forms bullish patterns again.

16 Mei 2021

Catatan

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme
and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

27 Mei 2021

Catatan

VIew negated as it didn't breakdown below 1688.