#Kotakbank
One of the weakest Banking stock presents this pattern.
It has some work to do to establish it's strength but it's at such a low risk spot.
Anything goes wrong, the SL is close by.
And, when goes right, you just gotta sit tight !!
@kakakuk43296411
More from Van Ilango (JustNifty)
Read again till you understand the logic fully of a "Moving avg (13Sma) & its upper & lower band" mechanism and then,
Apply on charts of your short listed stocks and understand how the trades/ investments would have worked -back testing
Bollinger band has been a trusted guide with the settings of 13sma & 2 std deviation. Add to it 5 & 8 smas and it works in all time frames.
— Van Ilango (JustNifty) (@JustNifty) September 29, 2020
Start from week & Day for investments; Hour & 5 minute for intraday.
Experiment initially; you'll still need other tools to read the mkt\U0001f600\U0001f64f pic.twitter.com/yEkHiDHiha
An "ABC" correction ended & "C" wave's "12345" ended in this highly traded stock.
#Elliottwave captures Nature's law, human actions in a collective way
and,
in Top gainers' https://t.co/9bw8A0tgUp
#bajfinance is almost @ sloping channel bottom & has entered the demand zone.
— Van ilango (JustNifty) (@JustNifty) June 22, 2022
One of few stocks that are displaying +ve #Divergence in "Day t/f"
"ABC" correction "almost" done.
Above 5650, mild strength. https://t.co/IJlQ0GKtN3 pic.twitter.com/4uqY0DRqiW
Simple: When 13 moves above 21 in "15 Minute t/f for Intraday only", BUY
When 13 moves below 21 in "15 Minute t/f for Intraday only", SELL as in a SAR system
Master just one doubt about the re-entry part
— Sunny Singh (@SurendraSinghJi) February 10, 2022
You mentioned to re-enter at 17430 levels.
How to initiate the trade at the lowest point when the candle is in the formation mode.
Is it that when the price touches 21ma we should entry longs till 13ma is above 21ma.
Show path \U0001f64f
Addl.strategy: When prices move far from MA, say 150 to 200 pts, "Part book" & re-enter when prices pull back to MA
Choose to do this way 1 or 2 times only for intraday
Idea is "Mean Reversion" - Prices tend to move back to MA IF they move far away from MA in a trending phase.🙏
More from Kotakbank
Triggered Now
#KOTAKBANK #stocktobuy #Banks #TutleFT #AFT #BearTrap #ConsolidationBO #BullishSetup Resistance turned into Support
— Parampara Investment \U0001f1ee\U0001f1f3 (@investparampara) October 12, 2021
Entry: 2005 | SL: 1885 | TG: 2445 - 2950
*Stocks for Educational purpose only.#Reweet #Like @investparampara pic.twitter.com/XBhBxOBpKf