Kotak Mahindra Bank KOTAKBANK got rejected at the long term upward trendline after a good pullback.
I think it is heading back to 1118 levels.
Break of 1118 can even take it to 1050.
Good opportunity to short with stop loss a few points above the trendline.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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.