NeeteshJain
Long

Kotak Mahindra Bank - A BIG BUY

NSE:KOTAKBANK   KOTAK MAHINDRA BAN INR5
Currently, the price action of this one has broken all time high at range of 734-744, now after a breakout it has made a doji candlestick on the previous resistance range and made it a new support (In case, the price action goes below the new support range then it might be called as a false breakout) and I believe the price action of buyers will take the price further in north in coming days.

Good time to enter a long trade for breakout traders or swing trader.

As per elliott waves , it has just completed a wave cycle of 8 waves on daily chart (kindly find the picture of it in comments) and should go on with rally further to begin with new wave cycle.

Risk/Reward is 1:3 for the first target.

TRADE WHAT YOU SEE
NeeteshJain PRO
6 months ago
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+1 Reply
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