Kotak Mahindra bank form double top Reversal pattern.
Bearish View (Short Opportunity): The pattern suggests shorting on any rally back up to ₹2,020 (potential resistance or retest of the neckline/breakout level).
As per pattern is may test 1818 soon target -2.
Risk-reward ratio: Approximately 1:2-3, assuming disciplined stops.
Bearish View (Short Opportunity): The pattern suggests shorting on any rally back up to ₹2,020 (potential resistance or retest of the neckline/breakout level).
As per pattern is may test 1818 soon target -2.
Risk-reward ratio: Approximately 1:2-3, assuming disciplined stops.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.