This stock in 30 and 15 min timeframe create a double Top Pattern.
Strong resistance at : 1918.55
Support at:1878
2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920
If price will be open below 1900 then make your entry on short side or wait for create an any bearish...
NSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 .
At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move...
Go long on Kotak Bank for a good intraday target, wait for the stock to retest from the trendline or the 200 EMA of 15min time frame. Enter when you see a good bullish candle with a high volume.
