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Kotak Mahindra Bank

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
4
Prices have bounced and made a 'Hammer' at the 100 SMA . High chances that a medium term low could be in place now. Minimum target would be 765, and investors should ideally hold till a new all-time high is made.

Trade would be negated on a Weekly Close below 690.
Comment: First target of 765 has been met, partial profit booking can be done here.
Trade closed: target reached: So as per the expectations, a new high has been made, and entire profit can be booked.
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