krishnakrizz07

Kotak Bank (symmetrical triangle pattern) LONG

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
As you all can see there is a symmetrical triangle pattern forming in Kotak bank which can lead to a break out on either side but as you can see that 1626 recently acted as a strong support and it has taken support on the trend lines down side 4 times and upside trend line it has acted as restitance 4 times , so if it break above 1730 we can see a strong breakout in Kotak Bank in august expiry , else if it acts as resistance again it will retest the support of the trendlines again , so keeping stop loss as 1625 and first target as 1730 and if it breaks we can again test the ATH ;).
Hope it was helpful for some of you :)

Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose

Comments

Can I enter at retracement
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krishnakrizz07 sanjeevsaraf19
@sanjeevsaraf19, thank you :D
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