Hello Friends Don't Take any trade its just view we get a better opportunity of confirmation trade in it After breaking it out !! Waiting for new control price According to Elliote wave its target toward 263 30 min Lol I am confused in it Thanks
Technical Analysis If you look at the MACD on the 3 Hour chart you can see a bullish convergence with a crossover nearby. - RSI Showing similar pattern which played out on April 8th, same goes with the MACD. - Kotak recently retested the strong support line as shown in the chart. Fundamental Analysis Kotak Mahindra Bank reported net profit at Rs 1,267...
Coming week is rough for the banking sector as Bank Nifty shows signs of weakness with a converging MACD. Just trade the range. - Kotak Bank MACD also showing signs of weakness. Based on how it plays out on Monday I will update this trade. -Kautilya.K
Looking good on a LTF. Bought into it, let's see how it goes. Although I will be watching this very closely for Sell signals. Will update when required. - Kautilya.k
KOTAKBANK - GP SHORT @ CMP WITH A SL OF 1450 AND A TARGET OF 770. TARGET SHOULD E ACHIEVED NY 8 MAY 2020