Kotak Bank - Bullish Cypher PRZ (1600-1625) (Sell & Buy Later)

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Note -
Harmonic Chart Pattern suggested is not valid if stock falls below 1600 & Halting in the zone 1600-1625 can be seen as PRZ ( Potential Reversal Zone) for a potential upside move later

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Trading Strategies

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Plan A -
Sell Below 1700 for 1650 / 1600-1625 Target zone

Plan B -
Buy once 1600-1625 zone holds which can act as PRZ for the suggested "Bullish Cypher Harmonic Pattern" Target 1 - 1905 / Target 2 - 2000 / Strictly Above 2025 - Target 3 Zone - 2150-2200



Thanks

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14:05 Hrs / 1st Feb2021

Last Price @ 1768

Falling Below 1770 Only - Downside Target - 1735 & If falls below 1730 then 1700 & Below 1700 can be target zone of 1600-1625 as mentioned in main update above

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Snapshot for Intraday Sell Below 1770