KOTAK BANK Double Bottom Bearish view for Intraday Analysis
This stock in 30 and 15 min timeframe create a double Top Pattern.
Strong resistance at : 1918.55
Support at:1878
2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920
If price will be open below 1900 then make your entry on short side or wait for create an any bearish candle near 1900 or follow price will respect the 1900 as resistance. then make your position.
MACD indicator indicate bearish divergent.
Strong resistance at : 1918.55
Support at:1878
2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920
If price will be open below 1900 then make your entry on short side or wait for create an any bearish candle near 1900 or follow price will respect the 1900 as resistance. then make your position.
MACD indicator indicate bearish divergent.
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90 point move without taking any risk. Now it's time for uptrend. for update analysis please follow and support me and wait for my next analysis on this STOCK.
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Kaustav Hazra
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
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