UPDATE ON KOTAK BANK. AFTER GOOD MOVE from a breakout of 1825 to 2017. which is the resistance of the channel pattern on the weekly chart.
after a good move in the stock, it may cool off. So we have to wait for the breakout above 2017 and sustaining on these levels.
If it doesn't manage to give breakout and correct, then it may take support near 1950-60. Let's see the move on Monday.
Keep KOTAK in your watchlist. Above 2017-27 if sustain we can see a good move ahead of 300 points. If correct's then we'll wait for the reversal sign to go long in KOTAK.
In Positional I am positive on KOTAK.
after a good move in the stock, it may cool off. So we have to wait for the breakout above 2017 and sustaining on these levels.
If it doesn't manage to give breakout and correct, then it may take support near 1950-60. Let's see the move on Monday.
Keep KOTAK in your watchlist. Above 2017-27 if sustain we can see a good move ahead of 300 points. If correct's then we'll wait for the reversal sign to go long in KOTAK.
In Positional I am positive on KOTAK.
Comment:
UPDATE: KOTAK Made a high of 2076.45 till now today.
Holding the position for our target.
Holding the position for our target.
The stock has given a breakout. Now we can go positional but long-term positional for the target of 2300+ in the coming months/year. Please do your own study before the trade.