Sir,
Kindly revert back, if my view is correct;
I have a bullish view on kotak bank for the coming week.
These are the points below [ on daily chart] ;
1. taking support on 20 SMA and also daily chart pivot
2. formed rectangle accumulation zone
3. on 23rd july’ 19 cross the pivot with high volume and again retrace.
4. RSI is 56
5. in line chart look line W pattern.
Entry price – 1519
stop loss – 1440
short term target – 1540 [ one week]
long term target – 1581 [ if it enter in to the new trading zone, break out with high volume]
regards
rohini
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Stock Ticker – NSE: KOTAKBANK – Kotak Mahindra Bank Ltd. – FINANCIAL SERVICES
Bullish Trade plan:
Entry Level 1519 Target 1540 Stoploss 1440
Analyst Rating – :3/5
View Posted on 2019-07-26