Kotakmahindrabank
KOTAK MAHINDRA BANK | It's time to go short againFriends, please support this idea with LIKE if you find it useful.
Looks like Kotak Mahindra Bank is also in downtrend. Use the pullback to get in.
Thank you for your support, I appreciate it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short Kotak Bank for Rs. 150..Expecting Rs. 1350 from 1500 Kotak Bank is showing classical divergence in monthly chart. RSI is showing descending pattern (marked) while stock has reached new high. Earlier Trough of RSI which was formed after touching RSI > 70 line has broken while stock made new high in monthly chart. I think Rs. 150 correction from current level.
Previously stock made bottom while monthly RSI touched around 50 line. It is short term trade but long term trend seems to be intact ubless RSI break below 50. The chart is only for tutorial purpose and please do not consider buy or sell recommendation. Please do your due-diligence before buying or selling. I am neither technical analyst not SEBI registered Analyst.
NSE:KOTAKBANK












