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Abhiism07
Dec 20, 2019 4:31 PM

Kotak - Short candidate for next week Short

KOTAK MAHINDRA BANNSE

Description

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

Trade closed: target reached

though it took 2 weeks but target met.
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