KOTAK MAHINDRA BANK LTD
Long
Updated

KotakMahindra readying for a good move

298
KotakMahindra seems to be making a sold base for its next move.
Trade active
TRADE: Entered KotakMahindra 1800 half risk.

REASON TO TRADE: IT has been taking support near 1600-1650 levels as it was its previous high in 2019 after which it fell badly during COVID. In 2021 that high was taken out and has become a sold base at 1600-1650 levels from big buyers.

DEFINED SL@ 1625-1650 on a daily closing basis.
Trade closed: stop reached
TRADE: Took SL and closed the trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.