KOHC - Intraday Analysis - 20-08-2025
Primary Structure: Potential Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive
Expectations: The rise from the low of the black wave "2" is very aggressive and can be counted in five waves. This gain constitutes the third wave of the bullish impulsive cycle. The price has tested the 261.8% Fibonacci extension level and meets our target. A temporary pause or the consolidation in the black wave "4" may be witnessed, which can find support around the upper line of the base channel.
Past Trade: We achieved a 38% gain, i.e., Rs 140.
Recommendations: 4: Target Met.
3: Sell at 500.
2: Hold the longs.
1: Long may be considered from 360 with stops below 310. Target will be communicated over time.
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