kotak also range bound good to accumulate or for swing trades

kotak has already fallen from a high of 2000 we can see it takes support usually at this level

range bound stocks are good for swing trades or short term trades must use daily + 15 min time frame combined

disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk

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kotak today moved with +ve ness in nifty then there came news about the stake that need to be reduced by chairman and all but that is very old thing and is now much -ve news as it is rule by rbi that any bank owner ship share holding should not exceed certain limit ,so the chairman need to sell his stake thats all , he would sell at higher price only , that not a big issuse just these are manipulative works , but no problem so still can accumulate at this price see took excatly support on my support line i drew consider that price to buy :)

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closed