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Kotak Bank Channel Breakout

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NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Kotak Bank seems to be headed for an upward Breakout of channel Pattern in Daily Time Frame.
It would be advisable to wait and watch whether this is a genuine break out or it retraces back into the channel for one more round of downswing. If there's a positive break out, wait for retrace back to support & go long..
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