KOTAK MAHINDRA BANK LTD
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END OF REGULAR FLAT CORRECTION.GET LONG

298
KOTAK BANK HAS COMPLETED REGULAR FLAT ABC CORRECTION.

STOCK HAS BOUNCED ON MULTIPLE OCCASSION FROM THE LEVELS OF 1700 INDICATING GOOD SUPPORT LEVEL.

HAS HUGE OI @1700 PE ON JULY EXPIRY CONTRACT AGAIN INDICATING STRONG SUPPORT.

A BOUNCE IN FORM OF AN CONNECTOR WAVE X OR COMMENCEMENT OF NEW IMPULSE CAN EASILY TAKE PRICE TO 1800-1860.

DOWNSIDE RISK IS ONLY 30 RUPEES AND UPSIDE TARGET IS ROUGHLY 100-120 RUPEES.


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