KOTAKBANK
Hello all!
Kotak Bank has been moving in a channel since the covid crash. Its now at the lower trendline which generates a good opportunity to go long!
There are multiple other factors which strengthen my conviction:
-> Presence of 200 daily EMA
-> Presence of 50 weekly EMA
-> Stock is trading at its support zone
-> It is trading between 50% - 61.8% fib levels (golden zone)
It can be bought here with a very minimal stop loss. Risk averse traders can wait for the break of trendline 1.
*NOT A CALL*
HAPPY TRADING!