KOTAKBANK is in uptrend - Target 1565 and 1723

KOTAKBANK is in uptrend and oscillate in uptrend channel. it will move up and touch below targets.

Target 1 - 1565
Target 1 Date - 29th Aug

Target 2- 1723
Target 2 Date - 8th Nov

Watch out for break out line in orange color, if price break this level,then it will retrace and fall to retracement level.

Comment:

Price will touch 1460 level before reach the target mentioned above

Trade closed: stop reached:

Stop loss reached . No good news in market for while so the price couldn’t withstand the positive momentum for longer