Kotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management.
So, wait for the price to bounce at the Resistance level, and then we can short our stock.
- Right now, According to the wave theory, Impulsive waves are countered recently by the Corrective wave by making lower low than the previous corrective wave.
- Also, there is a Demand zone below from where we can expect a bounce.
- There is a Resistance level at the top. This level is fresh and thus may be broken also.
So, wait for the price to bounce at the Resistance level, and then we can short our stock.
Trade active:
As we said that this may be the last move of the bulls. We did this analysis based on the Elliot Wave Theory.
So, This stock moved down as we said. Now some of you may have short the trade and booked the profit. But for others, One can wait for the stock to make another corrective move.
And as soon as the stock breaks the level of "Low of Conservative wave" One can short the trade.
So, This stock moved down as we said. Now some of you may have short the trade and booked the profit. But for others, One can wait for the stock to make another corrective move.
And as soon as the stock breaks the level of "Low of Conservative wave" One can short the trade.