Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher. Happy Trading! Siraj Hudda www.wavetradingacademy.com
KOTAK BANK is in the NICE Bearish LEG. .
will wait for confirmation and sell kotak for immediate target of 1020
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern. It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...