KOTAK BANK BREAKING OUT OF BEARISH TRENDLINE AND CONSOLIDATION
*Stock is consolidating in the zone of 1785-1755
*the stock has eventually broken out of its bearish trendline
*after breakout the stock is consolidating and creating a base
*the swing high of the base i 1785
*a close above the swing high will open up a possible 5%-10% move on upside in the stock
*bank has been a underperformer in the recent rally from 37500-44150
*such setup usually create big moves
*we will revise target if major data is available
KOTAK BANK
BUY@1780-1785
STOP@1749
TARGET-1@1810
TARGET-2@1825
TARGET-3@1840
NOTE
-target is for short-term
-once there is more data indicating a larger trade
-we will shift the target higher
DISCLAIMER
-this is my personal view
-trade according to your risk appetite
-manage your risk
*the stock has eventually broken out of its bearish trendline
*after breakout the stock is consolidating and creating a base
*the swing high of the base i 1785
*a close above the swing high will open up a possible 5%-10% move on upside in the stock
*bank has been a underperformer in the recent rally from 37500-44150
*such setup usually create big moves
*we will revise target if major data is available
KOTAK BANK
BUY@1780-1785
STOP@1749
TARGET-1@1810
TARGET-2@1825
TARGET-3@1840
NOTE
-target is for short-term
-once there is more data indicating a larger trade
-we will shift the target higher
DISCLAIMER
-this is my personal view
-trade according to your risk appetite
-manage your risk
Disclaimer
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