Get started
KOTAK MAHINDRA BANK LTD

What's cooking with Kotak Bank?

By MarketsWithKR
Updated
KOTAKBANK is sandwiched between the trendline & 50DMA and the 200DMA.

Interestingly, BANKNIFTYhas created HL-HH while Kotak has created lower highs and appears to have formed a descending triangle.
Note
Broken out of the trendline and above 1800
Note
Facing stiff resistance around 1820 levels so far. Banks haven't entirely participated in the rally yet (BNF underperformance is seen too). Kotak has the potential to lead the next leg of the rally for banks (if it happens).
BANKNIFTYbreakoutChart PatternsDescending TriangleDivergenceTechnical IndicatorsKOTAKBANKTrend Analysis
MarketsWithKR
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.