manavtechresearch

ASCENDING TRIANGLE BREAKOUT IN KOTAK BANK

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
-stock broke above its 200-ema and sustained
-along with that the stock broke out of its ascending triangle pattern
-after a throwback the stock cameback with furious momentum
-taking over its previous crucial resistance of 1448
-now next targets on the upside for kotak bank is 1520-1540

SEPTEMBER FUTURES TRADE
BUY@1450-1455
STOP@1415
TARGET-1@1510
TARGET-2@1545
TARGET-3@1555
QTY=1200

Trade active: revised stop to 1399 and added longs @1430
target remain the same
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