Short KOTAKBANK around 1125 for trgt 1104 sl 1138

Short

KOTAK MAHINDRA BAN (NSE:KOTAKBANK)

Updated

NSE:KOTAKBANK KOTAK MAHINDRA BAN

Trend Analysis Chart Patterns priceaction Pin Bar indianstocks KOTAKBANK

trendanalysis chartpattern priceaction pinbar indianstocks kotakbank

KOTAKBANK printed a bearish pinbar which shows profit booking at its all time high.... looks like it will retrace before breaking its high......So i will Go short around 1125 tomorrow......Contra trend trade..not for faint hearts ;).

Trade active:

Shorted at 1127.4 in futures

Trade closed: target reached:

short covered at 1115.4 ..... 12 points profit ....9600 rs ...not bad when you trade contra

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.