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KOTAKBANK-Consolidation+ Up move = Reversal Expected or Bullish?

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KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
IIT-Trader Uppdaterad   
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Supply and Demand Support and Resistance kotakbanklong KOTAKBANK kotakbanktrend kotakbanktechnicalchart kotakbankanalysis kotakbanklevels kotakbankshareanalysis
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trendanalysis supplyanddemand supportandresistance kotakbanklong kotakbank kotakbanktrend kotakbanktechnicalchart kotakbankanalysis kotakbanklevels kotakbankshareanalysis
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).
Kommentera:
Keep an eye at these levels.
snapshot
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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.
snapshot
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opens at trendline
snapshot
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Trade stängt: målet nått:
Target 1 reached
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