Kotak Bank: Good FIBO pattern

2021年2月24日

The chart shows how Kotak Bank is following the levels of FIBO beautifully. Currently, it is trading at a 50% FIBO level from where if it takes support then it can retest the earlier 32% Zone. If it does not then it will hunt for the 1820 level which is 61.8% level. This zone becomes a very attractive valuation for Kotak Bank.

All Levels are mentioned on the chart.

DISC: For educational purposes only.

2021年2月26日

交易开始

As the stock has reached our buying levels. We have made an entry in this now.

2021年3月3日

注释

SL Should be trailed to 1820 levels now. Hence this trade should not give any loss at all now.

2021年3月8日

注释

Target 1 is reached. SL can now be trailed to 1880 levels.

2021年3月9日

注释

Target 2 is also reached. SL can be trailed to 1925 now.

2021年3月12日

交易结束：到达止损

Trailed stop loss of 1925 has hit. Closing this trade now.