Kotak Bank - Double Top and Descending Triangle Pattern

2021년 6월 23일

Hi Guys,

Please find the trade details:

Script Name: KOTAK BANK
Trend : Downtrend
EMA: Bearish
ATR Volatility: Down
Time Frame Analysis: Daily
Candlestick Pattern:
Whether any Trend Reversal Pattern? NO
Candlestick Pattern was support with good volume? Not Applicable
Chart Pattern:
Triangle Pattern / Double Top
Breakout Happened with good volume? – Waiting for the Breakout
Before Breakout Buildup (Consolidation) was happened? Support
Retest Happened? No
Support: 1708
Resistance: 2033
Buy / Sell Price: 1705 (Close below in Daily TF)
SL: 1851.05 (Daily Closing Basis)
Target: 1412
Risk: 146.05
Reward: 292.10
Ratio: 1:2
Whether Trade is Favorable or Not? Favorable

Regards,
Thenali Views