merushi22
Long

Kotakbank: Forming a base....

NSE:KOTAKBANK   KOTAK MAHINDRA BAN INR5
49 0 2
Stock is trading near 200DMA where I found Fib price cluster area from where bulls are getting active. As long as stock hold this area we can see a new high very soon. But RSI is trading below 40 level which indicates weakness in price. Do not jump and buy wait for a strong conformation.
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