KOTAK MAHINDRA BANKKotak Bank is still following the Downward Channel with no near time hope of recovering.
Took Support near 1720 but the pattern shows that after a little consolidation it is continuously falling.
Volume is reducing.
It is Trading below 200 EMA on Daily Timeframe.
50 EMA is showing resistance continuously on 1 Hour chart.
Resistance Levels are 1790 - 1888 - 1938 - 1995 - 2046.
Support is at 1720.
Safe traders to make long position above 1790 -1800 only when this level is atleast tested once with Tgts 1888 - 1938 - 1995 - 2046 and StopLoss @ 1720.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
