In kotak bank chart, I cannot make out any pattern failure. It’s more of a range bound movement and once it breaks out of range, it can provide a tradeable move.
But in banking, leadership seems to have changed from HDFC bk-kotak to ICICI bk-sbi and the latter two might be the places to be if one wants to ride the sectoral rally. A couple of smaller banks can also be added.
In the example of bhel, stop loss can be considered as recent low of 41, if one is investing for medium to long term of say 1-3 years. For short term guys, maybe 10 percent below buying price can be considered. But these are the things one has to adjust according to their own risk reward equation.
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