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.

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