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KotakBank Double Bottom RSI Divergence
KOTAK MAHINDRA BANK LTD
Long
KotakBank Double Bottom RSI Divergence
By vt_trader
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Feb 25, 2023
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Feb 25, 2023
Double bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence.
Entry
We can go long after close of strong bullish candle near 2nd bottom.
Target
Target 1 - will be the next resistance as marked on chart.
Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone.
Stoploss
We can keep stoploss below the double bottom support zone.
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BANKNIFTY
Chart Patterns
Double Bottom
Harmonic Patterns
HDFCBANK
ICICIBANK
KOTAKBANK
kotakmahindrabank
rsi_divergence
supportandresistancezones
swingtrading
Trend Analysis
vt_trader
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