Kotak Mahindra Bank Ltd. Technical Chart | 24-Nov-2011
Let’s discuss the trading strategy in Kotak Mahindra Bank, listed on Indian Stock Exchange, with ichimoku Kinko Hyo indicator.
![https://investmentkit.com/media/posts/3901/24-2011Nov-KOTAK%20MAHINDRA%20BANK%20LTD-800x600.png](https://investmentkit.com/media/posts/3901/24-2011Nov-KOTAK%20MAHINDRA%20BANK%20LTD-800x600.png)
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