Kohinoor 60 min chart
Kohinoor has formed an Inverse Head and shoulder pattern on min chart.
It has broke the descending trendline and has closed above the same.
Also it has closed above 38.2% retracement level.
This all factors indicate positive movement in the kohinoor and target price for the same is 46 (42+(42-38)).
This view negate if it close below 40 on daily basis.
Regards
Rinkesh Jain
* This is for educational purpose, please consult your adviser before trading.
Kohinoor has formed an Inverse Head and shoulder pattern on min chart.
It has broke the descending trendline and has closed above the same.
Also it has closed above 38.2% retracement level.
This all factors indicate positive movement in the kohinoor and target price for the same is 46 (42+(42-38)).
This view negate if it close below 40 on daily basis.
Regards
Rinkesh Jain
* This is for educational purpose, please consult your adviser before trading.
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