My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one.
Bullish Signals
-Kautilya.K
Bullish Signals
- The daily candle formed a bullish engulfing candle.
- The Stochastic RSI is oversold and is attempting a reversal.
- The MACD on the Daily is converging and had a bullish crossover on the 4H.
- This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals.
-Kautilya.K
Commento:
Strength declining, might retest support again
Commento:
Trade attivo:
Trade chiuso: obiettivo raggiunto