Quasim

Kotak breaks the Triangle

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Kotak has broken out of multi-month wave (4) triangle. The final (5) should be sharp and quick. It may try to reach the channel top which is at 2300 as the final target. A test of previous high 2049 is most likely.

Stop loss- 1624 i.e the previous swing low

Comments