Trade_with_yash

Kotak Mahindra Bank from 22 July 2020

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Analysis:
1. First High was created ...-> came back to support zone ( retracement zone ) --> mission to create new high
2. Attempt to break the high and create Higher High ( succeed but not by margin )
3. Again came back to support zone for spring entry to create a higher High ..

Expecting New high to be created around the level of 1440 --> 1500
Their are 2 main consolidation zone ---> will create a lot of whipsaw between the levels
MACD and RSI both showing Positive sign

MFI is on the downside ---> expecting it to increase as price increases

Setup :

1. Call setup looking not so profitable
2. Best setup seems to Sell PUT options and buy positional position
Trade active: Target 1 -> 1385 achieved

Comments

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