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KOTAK BANK- Pullback trade
KOTAK MAHINDRA BANK LTD
Long
KOTAK BANK- Pullback trade
By manuagarwal21
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Updated
Nov 18, 2022
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Nov 17, 2022
The stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
Nov 18, 2022
Trade closed: target reached
Partially closed at first target
Fibonacci
kotak
KOTAKBANK
kotakbanklong
kotakbanktrend
kotakmahindrabank
positional
pullbacktrade
Support and Resistance
swingtrade
Trend Analysis
manuagarwal21
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