No one knows FOR SURE how much profit any trade is likely to make. Fortunately, it is possible to know THE INITIAL RISK a trader is willing to lose.
Kotak Mahindra Bank
Kotak Bank has faced resistance near its resistance at 478 which was its previous High. On Friday stock formed bearish engulfing pattern which is bearish in nature and a reversal pattern.Stochastic is on verge of giving sell signal.
Kotak can correct till 437 which is its 200 Day Moving average.
Sell below 454 Tgt..
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