Comment:
kotak bank is respecting the resistance zone of 1713/1707, if sustains below 1690 then can achiueve target of 1670 and further below it can achieve target of 1652/1643.
Comment:
kotak bank respected the resistance once again with strong selling
Comment:
kotak finally breaks 1713 level and after retesting 1713 on 5 min timeframe it has started to move towards upside target of 1757/1767 zone. if kotak breaks previous day high and sustains above it then we can hold positions till target zone.
fresh support has formed between 1724/1720, can make new positions in this support zone with sl of previous resistance which will act as strong support now, which is from 1713 /1707 range .
fresh support has formed between 1724/1720, can make new positions in this support zone with sl of previous resistance which will act as strong support now, which is from 1713 /1707 range .
Comment:
kotakbank has finally reached the upside target and can give more upside after breaking the target zone , best entry will be with retest method at 1765 once kotakbank breaks it and comes back to retest it and rise again ahead,
Trade closed: target reached
Trade closed: target reached