Kotak Mahindra Bank - Trendline rejection

Kotak Mahindra Bank KOTAKBANK got rejected at the long term upward trendline after a good pullback.

I think it is heading back to 1118 levels.

Break of 1118 can even take it to 1050.

Good opportunity to short with stop loss a few points above the trendline.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Chart PatternsTrend Analysistrendlinerejection

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