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BlackJackCo
Jan 21, 2019 6:24 PM

NSE: Kotak Bank Possible Long for resistance break above 1268 Long

KOTAK MAHINDRA BANNSE

Description

NSE: Kotak Bank Possible Long for resistance break above 1268
From High of 1408 on July 19 to Low of 1133 on Sept 28
Pull back is in progress with triangle pattern
Today closed above 61.8 retracement level from 1408 fall.
Level 1268 looks like resistance.
Possible Long for resistance break to take 1321 level,
Further break above triangle can touch 1400 level
Stop loss @ 1200
Use stop loss and trail stop loss

Trade active

Crossed Resistance today.

Trade active

Price Action at 1268 looks strong resistance level.

Trade active

Crossed 1268.

Trade active

Price action is on
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