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RUDRA007
Dec 1, 2020 7:25 AM

KOTAK BANK good short candidate Short

KOTAK MAHINDRA BANNSE

Description

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