Kotak Bank: Good FIBO pattern

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.

Dagangan aktif:

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

Komen:

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

Komen:

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

Komen:

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

Dagangan ditutup: hentian tercapai:

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