Reshmi Chauhan

Technical analysis: KOTAK MAHINDRA BANK

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Technical analyst – these words may evoke many different intellectual images.

The technical analyst says that “the market is always correct”.

Technical analysis is the study of prices in freely traded markets with the intent of making profitable trading or investment decisions.
There are two ways of technical analysis – “predictive and reactive”.

1.Predictive- Individuals make money by selling their predictions to others. Market letter writers in print or on the Web and the technical market gurus who frequent the financial news fall into this category.

2.Reactive- a trader use a moving average crossover to signal when a long position should be taken. In other words, the trader is watching the market and reacting when a certain technical condition is met.

There is not more about BANKNIFTY expected channel Support

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Everything is mentioned in the chart

On Jul 18 2019 mentioned that Resistance(30840 nearby) available.

There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

On the date Jul 14 2019 BankNifty at support of channel

  • Banknifty also difficult to understand as wave movements.
  • Price is near the channel support.
  • Smaller positive new can boost banknifty to upward from the value low.

Banknifty is positive which indicate the direction is not clear and market waiting for news.

We have also gone to smaller time frame to get more confident for the way.

We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.

We are standing at the ending of the channel, ready for minimum 1000 points move.

Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i) and then you can clearly see a picture of the future if not wrong anything.

 

What we have mentioned in the past has verbatim followed, you can check out above charts also for clear perceptive.

Channel Pattern Closed out for NIFTY?

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Pattern CLOSED?
As per our Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.

If this is an excess of channel, then target is 11650 nearby and Resistance 11666.

–> Let us remind you.
On the date, Jul 12 2019 Channel first drawn by us.

Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.

Jul 15 2019, In the chart it was pointed out (5) wave on this chart.

Finally, (5) wave was printed on the date of Jul 17 2019 and Taken Resistance.

Do you think that IS THE CORRECT visualization?

You can see in this chart today’s NIFTY move, it has exactly followed our words moved exactly to the same things we have mentioned.

Accurately happened what we predicted. Channel Was closed out.

Vision for NIFTY.

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The support is at 11697 nearby with 11792 Resistance lead NIFTY.

The predicted vision for NIFTY is drawn in the chart.

High Probability found on AXIS-BANK but…

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Your must be at down single candle spike. For an instant, suppose candle slip to direct 808, then enter with stop-loss little far.

Target is control price 818 above.

Axis Bank entered into a range of buy. but BE CAREFUL. breaking down will create more selling pressure on it.
 
Down-SPIKE exact happened as per prediction but its more than my expectation. If the price will not bounce in 30min… we have to exit from long.

These calls are given to our subscriber:

Buy AXISBANK Future 800 to and stop-loss will be below 797 and targets are 818-822 intraday and 835-859 for positional.

(“Target has been achieved”) ZEEL future 330-332 stop-loss 325 and go for the target 338-341, if cross 340 above and stay then target should be 347-352