KOTAK MAHINDRA BANK LTD
Short
Updated

very Interesting pattern on weekly chart

141
Kotak mahindra is ready to move down, be ready to take sell trade
Note
ATR is indicating low volatility and DMI has given sell signal, as soon as the volatility picks up you will see slide in price
Note
snapshot
Note
it will be very good short trade if you execute with proper levels,
Price rejection can be expectecd at 1097 and price trades belwo 1073 expect the first target of 1065 if you hold position it sdwill reach 1021, it may take stwo days kto go there.
Note
it is approaching resistance
Note
15 minute chart showing resistance and support. to take intraday trade, please click on the link above to get idea
Note
time materialised

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