KOTAKBANK trade ideas
Does the profit booking started ?Does the profit booking started for Kotak Mahindra bank , Tweezer top and OPEN=HIGH formed on top of the chart ? expecting it will go down from here.
Buy Kotak Mahindra on ATHs RetestTrade Premise:
Currently retesting July 2018 ATHs post breakout on lower time-frames.
Setup:
Could look at about 10% upside at 1588 algorithmic target with a tight stop, decent R.
Potential Correction on Kotak mahindra Bank1360 is an Important level for Monday. We can see a good correction if it's breakdown it.
Stock being manupulatedDid some analysis based on delivery percentage of traded quantity, number of trades taken and total traded quantity.
price was increased on 15th march
but after that the price is just moving side ways and forming upper wigs.
Sell - expecting reversal on Kotak bankSell side of kotak bank if the bank nifty also on sell side. Expecting it to be on downside.
Kotak Bank Correction Inevitable!Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher.
Happy Trading!
Siraj Hudda
www.wavetradingacademy.com
