Kotak Bank - 1 Day - Horizontal and T line Support Break Down
Kotak Mahindra Bank has break down the crucial support level placed at 1454 on Daily and weekly charts. It has also breached its multi month T line placed around 1455 levels with higher volume on daily and 30 mins charts. On 30 mins charts it came back and retest and broke again.
CMP - 1529
Entry criteria -
Short when it come to retest 1550 levels
Exit criteria -
TGT looks like 1370 to 1365 levels
SL - 1565 on 30 mins closing basis
Risk: Reward: 1:6
CMP - 1529
Entry criteria -
Short when it come to retest 1550 levels
Exit criteria -
TGT looks like 1370 to 1365 levels
SL - 1565 on 30 mins closing basis
Risk: Reward: 1:6