Technical Views on AB Nuvo and Kotak Bank
AB Nuvo
AB Nuvo has been trading in the range of 715 to 849 from past 2-3 months.
AB is now hitting the upper range of its trading range on low volumes which make the case of short sell
Looking at momentum indicators RSI is in overbought zone which also adds strenght to our short views
Sell around 849 TGt 842,834,827
Kotak Mahindra Bank
Kotak Bank is forming a double top pattern which has bearish implication at 465 and Inverted Head and shoulder pattern with neckline at 465 which is having bullish implication.
In nutshell 465 …
Read the full story »
AB Nuvo has been trading in the range of 715 to 849 from past 2-3 months.
AB is now hitting the upper range of its trading range on low volumes which make the case of short sell
Looking at momentum indicators RSI is in overbought zone which also adds strenght to our short views
Sell around 849 TGt 842,834,827
Kotak Mahindra Bank
Kotak Bank is forming a double top pattern which has bearish implication at 465 and Inverted Head and shoulder pattern with neckline at 465 which is having bullish implication.
In nutshell 465 …
Read the full story »
posted by Bramesh at
11:44 AM
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