Kotak Bank is still following the Downward Channel with no near time hope of recovering.
Took Support near 1720 but the pattern shows that after a little consolidation it is continuously falling.
Volume is reducing.
It is Trading below 200 EMA on Daily Timeframe.
50 EMA is showing resistance continuously on 1 Hour chart.
Resistance Levels are 1790 - 1888 - 1938 - 1995 - 2046.
Support is at 1720.
Safe traders to make long position above 1790 -1800 only when this level is atleast tested once with Tgts 1888 - 1938 - 1995 - 2046 and StopLoss @ 1720.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Took Support near 1720 but the pattern shows that after a little consolidation it is continuously falling.
Volume is reducing.
It is Trading below 200 EMA on Daily Timeframe.
50 EMA is showing resistance continuously on 1 Hour chart.
Resistance Levels are 1790 - 1888 - 1938 - 1995 - 2046.
Support is at 1720.
Safe traders to make long position above 1790 -1800 only when this level is atleast tested once with Tgts 1888 - 1938 - 1995 - 2046 and StopLoss @ 1720.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
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.
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.