VIEW ON KOTAK MAHINDRA BANK :-THE RANGE IS NARROWING DAY BY DAY :-CONFIRMING POLE FLAG PATTERN :-POLE FLAG PATTERN IS A CONTINUATION PATTERN :-I.E WE EXPECTING A BREAK ON THE UPSIDE :-DIVERGENCE VISIBLE IN THE CHART :-WAIT AND WATCH APPROACH :-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL :-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Only one positive trend stock from bank...but we need to watch carefully...
It has already broke the 50 & 100 MA, if it further breaks the bottom trendline then it would fall to 1368 possibly Horizonal support lines are mentioned on the chart
Expecting more fall in Kotak since the markets are bearish as well. At-least till PRZ for any signs of reversal
See your own way and try to catch
a good news for investors, warren buffett will buy 10% stack in kotak mahindra bank. www.cnbctv18.com
possible correction ahead
Enter Long in KOTAKBANK above 1196 T - 1204, 1211 & 1224 Sl- 1185
#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
the baton of 5% upmove might now be passed to this stock now ! after a tough resistance been breached on weekly frame stage is set for big big move !
the stock i personally feel bearish but yet just to mention levels and to remember them placing the idea here so as i can revisit and keep a check of what is going right and vice versa!