KOTAK BANK is overbought and it showing signs of reversal from the highs.
Observe the Lower highs being formed on the hourly chart which means that the buyers are unable to take the price any higher.
The first hour candle has closed quite bearish.
I've taken short position for a Target of 1830.
SL is current day High.
Observe the Lower highs being formed on the hourly chart which means that the buyers are unable to take the price any higher.
The first hour candle has closed quite bearish.
I've taken short position for a Target of 1830.
SL is current day High.
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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.