KOTAKBANK
Sell Kotak Bank till 1385A Decent Sell Opportunity Arises in Kotak Bank. @ 1450 ..Keeping SL @ 1470
The Stock has been on an upward Trajectory and had staled for some days with Exhaustion.
Now it has broken a key support and looks good to come down.
Trade Horizon is close to a 3-4 days of Hold required.
Good Luck
Kotak Upside PossibleBuy if price close above 1450 today Stoploss 1480 Target 1520 or any Reasons For Trade-1.Price has broken the support 1450 and recoverd easily near to level
2. Stoploss hunting was done by institutional traders
3.Pin bar formed near 200 Days EMA on 4 hour chart
4.Close above 1450 will expose higher side
5.Risk Reward 1:2
6.Trade with 1% risk of your capital
Kotak Mahindra Bank Intraday Long Trade SetupINTRADAY BUY TRADE SETUP
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk Reward is 1:3 or 1:4
Important : NIFTY 500 INDEX is also Going Towards 8200 Level.
So Do Not Add Stocks In Portfolio till Nifty 500 reaches 8200 level.
KOTAKBANK is in uptrend - Target 1565 and 1723KOTAKBANK is in uptrend and oscillate in uptrend channel. it will move up and touch below targets.
Target 1 - 1565
Target 1 Date - 29th Aug
Target 2- 1723
Target 2 Date - 8th Nov
Watch out for break out line in orange color, if price break this level,then it will retrace and fall to retracement level.