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Deepak_dc93

SHORT Short signal Kotakbnk at 1306 , Rising wedge pattern break

Short
KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
Deepak_dc93 Updated   
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Chart Patterns Wave Analysis Beyond Technical Analysis Equity equitytrading equityanalysis stocktrading stocksignals stockmarketanalysis Technical Analysis KOTAKBANK
6
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chartpattern waveanalysis beyondta equity equitytrading equityanalysis stocktrading stocksignals stockmarketanalysis technicalanalysis kotakbank
Entry - 1306
First target - 1270
Second target - 1234
Third target - 1158
Stop loss - 1338

I will short kotakbnk because :
1) It is forming a rising wedge pattern.
2) The price has given a breakout from the rising wedge pattern.
3) The breakout is downards so will short kotakbnk.
Comment:
Reached first target
Trade closed: target reached
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