TECHMAHINDRA is showing a bearish divergence on the RSI indicator. It is forming higher highs in the chart and forming lower highs in RSI thus indicating a bearish divergence, also it has shown a negative MACD crossover in the 1 hour time frame,thus giving a sell signal.
First target would be of 724 and my stoploss would be at 763.
Kotak Mahindra Bank broke trendline as well as the crucial resistance level of 1448 with heavy volumes. It has also crossed its two hundred day exponential moving average. All the things indicate a very strong signal to go long on Kotak Mahindra Bank.
