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kotak mahindra bank

Discussion in 'Technical Analysis' started by shwetagnema, Jan 10, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    hi shabbir, please advise me on kotak mahindra bank. it is consolidating from past one month on downward side. seeing i year chart, it is on up trend....what's your view on it?
     
    shwetagnema, Jan 10, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Kotak Mahindra Bank is consolidating with 640 as the support and if you are an aggressive trader and can go for an anticipated breakout pattern, you can get long on this stock with a stop of 640.

    If you are not an aggressive trader, wait for break out above 680 and that would be ideal time to enter into this stock.
     
    shabbir, Jan 10, 2013
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