KOTAK MAHINDRA BANK LTDUpdated TECHNICAL PICK KOTAK BANK
Kotak bank is consolidating in a parallel channel pattern in 15 minute chart time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
Note
SUPPORT RESISTANCE TRADE 👍🏽👍🏽Trade closed: target reached
SELL SIDE TARGET ONE FULLY DONE TARGET TWO OF 1717 LEFT BY ONE POINT ONLYNote
SELL SIDE BOTH TARGET COMPLETED
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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.
Disclaimer
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.