RUDRA007

KOTAK BANK good short candidate

Short
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Kotak bank spot CMP 1870
Bearish butterfly pattern formation.
PRZ zone in range 1870-1940
SLZ above 1970 levels
RSI divergence :- price making higher high where as RSI indicator is making lower higher, bearish divergence.. RSI is on verge to break down below 70 levels that is from overbought zone indicates profit booking in counter..
Good short candidate.

Comments

I appreciate your idea 💡 but one suggestion ... you must change the chart background colour
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Perfect analysis. How much it can go down
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