Let's discuss the trading strategy in Kotak Mahindra Bank, listed on Indian Stock Exchange, with ichimoku Kinko Hyo indicator.

 

 



 

 

 

Yesterday, Kotak Mahindra bank CLOSED below kumo @441.45. Chikou-Span (CS) was also below kumo; thus confirming the bearish breakout signal. Book your profit / loss at these levels. The stock will go more down from here.

Support: 429.90, 421.50

Kotak Mahindra Bank Ltd. Technical Chart | 24-Nov-2011
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