SHORT KOTAKBANK CMP 1233.5 TARGET 1227 SL 1239.5
Kotak has been in a bearish trend lately and after the recent bounce i think the time is ripe now it to continue its move lower. The price has moved lower from days high and formed a lower top. RSI has moved out of near overbought zones!
Trade closed manually
1228 level is proving to be a important support, therefore we exit the trade at 1231.5
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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.