Kotak Mahindra Bank
Updated
Trade setup:
Note: This is just a paper trade.
Daily: broke the descending triangle or falling wedge, with above average volumes.
entry = 1652 INR
SL = above 200 EMA (1727 INR).
Target = 1532 INR (next support zone).
RR > 3
Note: This is just a paper trade.
Daily: broke the descending triangle or falling wedge, with above average volumes.
entry = 1652 INR
SL = above 200 EMA (1727 INR).
Target = 1532 INR (next support zone).
RR > 3
Trade active
took a small risk: bought Kotakbank AUG 1540 PE@4.1
risk is 1640 INR
reward: exit when spot price reaches 1540 INR
Trade closed: stop reached
SL Hit for paper trade. Trade closed.
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