Thursday, March 24

Technical Views on Patel Engineering and Kotak Bank

Patel Enginerring
Patel Engineering has seen a breakdown from high of rs 500 to low of 133 in matter of 1.5 years.Stock has been in news for all bad reasons and corporate governace issues. Price factors everything.
Now Long term Bottoms are made in times of bad news and same apply to Patel. As seen from the chart below stock is forming a base trading in Rectangle

Buy above 144 Tgt

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