Kotak Bank looking like it will contimue the down trend.
Confluences:
100ema resistance+price level resistance+ trend line resistance + Stochostic signal+ fundamentally: increasing covid cases in India.
Support + 100 Ema dynamic support + Good bullish candle.
Risk:reward = 1:2.
Note: there is a rejection area near target hence, dont get greedy, instead, exit a little early.
This is what every trader needs to accept. If you have put a stoploss, abide by it like a religion. It is your god because it will save you a lot more than it will hurt you.
In this example it has hurted me but I know way more tumes it has loved me and saved me.
Accept the loss and move on.
Now for re-entries: One may take a re entry but I will not take it...
