NileshChavan

Kotak Upside Possible

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Buy if price close above 1450 today Stoploss 1480 Target 1520 or any Reasons For Trade-1.Price has broken the support 1450 and recoverd easily near to level
2. Stoploss hunting was done by institutional traders
3. Pin bar formed near 200 Days EMA on 4 hour chart
4.Close above 1450 will expose higher side
5.Risk Reward 1:2
6.Trade with 1% risk of your capital
Trade active

Comments

first of all... 200 EMA is near 1355....

what 200EMA is indicating here is of 4hr chart... so it is 200 4hrEMA not 200EMA....

secondly there is a massive breakdown of range it has made it in last 3 month.... go check weekly chart u will get a clear picture what is about to happen is next 1 2 months....
Reply
hi..I dont think thats stop hunting buddy, its called enticing retail traders with pin bar. https://in.tradingview.com/chart/xd1btQtN/
Reply
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