Kotak - Short candidate for next week
Updated
It has formed a Gravestone Doji pattern in weekly chart, which is a sign of reversal. Plus it's recent up move was too steep to continue at same slope. It's going to take support back at the daily trend line. The high of 19th Dec was not supported by RSI and it has turned downward.
Target - 1648 for next week
Target - 1648 for next week
Trade closed: target reached
though it took 2 weeks but target met.
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