Kotak Mahindra Bank Ltd. Technical Chart | 24-Nov-2011
By admin on Nov 24, 2011 with Comments 0
Let’s discuss the trading strategy in Kotak Mahindra Bank, listed on Indian Stock Exchange, with ichimoku” style=”padding-bottom: 0px !important; background-image: url(data:image/gif;base64,R0lGODlhBAADAIABAP8NDQAAACH5BAEAAAEALAAAAAAEAAMAAAIFRB5mGQUAOw==) !important; background-attachment: initial !important; background-origin: initial !important; background-clip: initial !important; background-color: transparent !important; text-decoration: none !important; white-space: nowrap !important; background-position: 50% 100%; background-repeat: repeat no-repeat !important; “>ichimoku Kinko Hyo indicator.
Yesterday, Kotak Mahindra bank CLOSED below kumo @441.45.Chikou-Span (CS) was also below kumo; thus confirming the bearish breakout signal. Book your profit / loss at these levels. The stock will go more down from here.
Support: 429.90, 421.50
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