Kotak Bank Long opportunity

Dec 15, 2021

KOTAKBANK

Hello all!

Kotak Bank has been moving in a channel since the covid crash. Its now at the lower trendline which generates a good opportunity to go long!

There are multiple other factors which strengthen my conviction:

-> Presence of 200 daily EMA
-> Presence of 50 weekly EMA
-> Stock is trading at its support zone
-> It is trading between 50% - 61.8% fib levels (golden zone)

It can be bought here with a very minimal stop loss. Risk averse traders can wait for the break of trendline 1.

*NOT A CALL*

HAPPY TRADING!