Rounding Top pattern confirmed in KotakBank. Neck level 1467.5 is broken decisively and the stock can be considered as Short candidate. Do note that volume has been diminishing as the pattern was formed adding further confirmation of a temporary weakness. Target for short selling comes at 1394 according to the pattern, whereas 1400 as target could be safer.
BTST IN KOTAK MAHINDRA BANK
CONDITIONAL BUY:-CLOSE ABOVE 1260 IMP
BOUNCE FROM 200-DMA AFTER RESULTS IS BETTER
BUILDING LONGS +DELIVERY BASE BUYING
JAN FUT TRADE
BUY KOTAKBANK above 1195 with Stoploss of 1142 and Target of 1329.
BUY ABOVE 1195
Stop Loss 1142
We are NOT A SEBI REGISTERED analyst. Trade on stock based on your expertise or consult a financial adviser.