There is a Trade Setup in Kotak Mahindra Bank to go Short.
Price has made a double top Pattern with RSI (14) Negative diversion.
Price action has also confirmed the same.
Sell below 1002 for Possible Targets of 980-960.
Charts are attached below for your reference.
LEARNING – Double TOP Pattern / Negative Diversion / Price Action
Sid
Disclaimer
I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.
Leave a Reply