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KOTAKBANK

Ready to Take a Leap It seems profit booking in #KotakBank is over and it is ready to take a leap. Buy KotakBank between 1990-2000 with SL 1960. Targets open. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
NSE:KOTAKBANKLong
by Gann-Elliott-Trader
KOTAKBANK double bottom pattern breakoutKOTAKBANK crossed the neck line of double bottom reversal pattern with high volume breakout, which is a very good indication that the stock will perform well in the upcoming days. But as you can see in the chart above a major resistance zone is present just above the close of the last daily candle. So price may retrace back from that resistance zone to the neckline creating a pullback and then finally get back into its rally to go beyond 2100 level. So, I will suggest you to enter long in the stock once it crosses above the resistance zone, apparently above 2150 level, keeping stop loss at around 1913 and trail this stop loss to book profit.
NSE:KOTAKBANKLong
by jayanta365