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manuagarwal21

KOTAK BANK- Pullback trade

Long
KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
manuagarwal21 Updated   
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Support and Resistance Fibonacci KOTAKBANK kotakmahindrabank kotakbanklong kotak kotakbanktrend pullbacktrade swingtrade positional
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trendanalysis supportandresistance fibonacci kotakbank kotakmahindrabank kotakbanklong kotak kotakbanktrend pullbacktrade swingtrade positional
The stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.

Now It is retracing back to the resistance level which would now work as immediate support

Support levels: 1937-1942

Resistance: 1988 and 2016

Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.

Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
Trade closed: target reached:
Partially closed at first target
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