KOTAK MAHINDRA BANK LTD
Long
Updated

Kotak Bank | Flag & Head and Shoulder Pattern 🎯

⭕ Swing Trading opportunity ! 2hrs Chart Alert !!!⭕

--Buy Above = 1872.85 or CMP
--Target = 1898 | 1941 | 1970
--Stop-loss = 1847
--R:R =3.8
--Lot size = 400
--Expected Profit =30,000 (5% )
--Expected Holding = 15 days only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) Downward Trendline Breakout & retested
2) Flag Pattern can be seen Clearly
3) Head & Shoulder Pattern formation as well
4) volume is OK
5) Targets is based on the S&R zones as shown in the charts

👇👇HEAD & SHOULDER PATTERN 👇👇

snapshot

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Note
enter after 1877
Trade closed: target reached
1st Target is done
Note
reduce the SL & safe traders can book some
Trade closed: target reached
2nd Target Reached ....safe traders can book fully now @ 1955
Trade closed: target reached
3rd Target is achieved ....PROFIT booked fully 💯

bought @ 1877
booked @ 1970
pints earned = 93
lot size = 400
PROFIT booked per lot = 37,000 ( 5% ) in 2 days

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