KotakBank - Brewing hot for 2040

KotakBank with a Cup with handle formation, could be headed to 2040 (before 2020 ends for us).

First target being 1975 with SL @ 1848, and eventual target @ 2040.

Just like in any other trade , an ideal thing to do, in these volatile times, would be to trail SL as per the stock's movement.

Commento:

One can try the following hedge:

Long - KotakBank - 1920 CE @ around 51
Short - SunTV - 470 PE around 23

Trade attivo:

Kotak made day's high of 1947

Commento:

KotakBank made a high of 1952, SL now trailed to cost @ 1918...

Commento:

High of 1965: SL trailed to 1932

Trade chiuso manualmente:

Stopped at trailing loss.