Kotak Mahindra Bank forming Cup and Handle formation.Please do your due research.
this is just an trade idea and not an recommendation.
don't hesitate on hitting stop loss and exiting position on hitting the desired target / profit.
if you miss the trade, chill on, there are thousands of other trades to catch on.
KOTAKBANK trade ideas
Kotak - still 1830 area holds as resistancekotak - still holds upper line as resistance , weekly close above 1830 can open doors for upside however as of now it seems like lower bands are slowly shifting up.. possible after rate hike in India banks will give a breakout on upside. near term support 1700-1680
strong support 1500-1520 and 1400-1420
expect to trade side ways in range of 1680-1840 till a break out on either side.
KOTAK BANK LONGKotak Bank reversing from a very strong support zone.
Only go long in this stock if BANK NIFTY sustains above 36000 zone. If the bank nifty falls, we can see it falling smoothly to lower levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.