Equity_OptionTrader

Great R.R.R. in this Trade!

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Stock has been trading in a downward wedge making LH-LL. With lesser space left in wedge, it's due a Break Out or a Break Down. I am counting on Break Out because it's making HL for past 3 days. Above today's high, Stock may reach upto 2050 levels for major resistance, and thus our Target. With SL of 25 Points, Target is big. So a great R.R.R. in this trade. And lastly, stock took 150MA support today. Last time it took support of 150MA, it rose from 1775 to 2255.
Order cancelled:
Didn't trigger and closed below SL!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.