In my last analysis we caught some 80-90 points in our net. Our target was low enough, but locking profits is the key. Now again short with the mentioned target and sl and keep locking the profits.
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
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...