Kotak Mahindra Bank : Double bottom pattern repetition

The stock has been facing resistance at 1820-1825 level and each time when it gets rejected then it comes back to 1680-1700 levels.

This time also stock has not only formed a morning star pattern at the support level but also formed a double bottom.

Now if the stock crosses 1765 then the double bottom would breakout and then the stock will be ready to move further to 1820-1825 levels.

All other details are mentioned on the chart. The result is on July 26 so be cautious with your investment decision.

DISC: For educational purposes only.

Trade closed: stop reached