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KotakBank Double Bottom RSI Divergence

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KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
vt_trader  
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Harmonic Patterns Chart Patterns KOTAKBANK kotakmahindrabank BANKNIFTY HDFCBANK ICICIBANK rsi_divergence Double Bottom supportandresistancezones swingtrading
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trendanalysis harmonicpatterns chartpattern kotakbank kotakmahindrabank banknifty hdfcbank icicibank rsi_divergence doublebottom supportandresistancezones swingtrading
Double bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence.

Entry
We can go long after close of strong bullish candle near 2nd bottom.

Target
Target 1 - will be the next resistance as marked on chart.

Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone.

Stoploss
We can keep stoploss below the double bottom support zone.

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