merushi22

Kotakbank: Forming a base....

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
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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