KOTAK MAHINDRA BANK LTD
Short
Updated

KOTAKBANK | Trendline breakdown 🎯

1435
Trading opportunity ! Chart Alert !!!

--Sell Below =1928 or CMP
--Target = 1808 | 1726
--Stop-loss = 1975
--Lot Size = 400
--R:R = 4.34
--Expected Profit = 80 k + ₹ per lot (10.49 % )
--Expected Holding = 1 months only
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Technical Reasons to trade or Strategy applied :-

1) Trendline breakdown with volume
2) 50 ema is also broken
3) reistance breakdown with volume
4) RSI divergence is a another confirmation


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Note
safe can exit now @ 1850 ( 2.80+% ) PROFIT
risky traders can hold more & Modify the SL to cost
Note
near our first target
Trade closed: target reached
stock moved more than 6% in our favour

snapshot
Note
kotak bank reported a profit this quarter so stock can show some upside movement so safe can exit fully as 1st target is already achieved
Note
now @ 1782 , book full .....risky modify SL to 1869 thank you
Note
near our target keep booking now @ 1750
Trade closed manually
sold @ 1928
booked @ 1760
points earned =168
lot size = 400
PROFIT booked per lot = 67,000 ( 8.70% )
Trade closed: target reached
full Target is Achieved

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