📈🚀 KOTAK MAHINDRA BANK READY FOR A BULLISH MOVE? 🚀📈
We're eyeing a promising setup in Kotak Mahindra Bank on the 1-hour chart! After a strong uptrend from the lows of ₹1,770, it looks like we are building momentum for another leg up.
Key Levels to Watch:
📊 Potential Upside:
₹1,920: A crucial resistance, breaking above this could propel us towards ₹1,942, a full retracement level and the previous high on this timeframe.
₹1,942: This level marks the 100% Fibonacci retracement, and surpassing it could signal a strong bullish continuation, with potential targets moving higher as buyers step in.
🛡️ Support & Invalidation:
₹1,903: This level is key as our nearest support. A close below this could invalidate the short-term bullish bias, so keep a close watch. If we hold above, bulls remain in control!
With a rising 50 and 200 EMA showing clear upward momentum, a breakout beyond ₹1,920 can open up a path to test those higher levels. Let's stay alert for strong price action and volume to confirm the move! 💪
🚨 Plan your trade, trade your plan! 🚨
We're eyeing a promising setup in Kotak Mahindra Bank on the 1-hour chart! After a strong uptrend from the lows of ₹1,770, it looks like we are building momentum for another leg up.
Key Levels to Watch:
📊 Potential Upside:
₹1,920: A crucial resistance, breaking above this could propel us towards ₹1,942, a full retracement level and the previous high on this timeframe.
₹1,942: This level marks the 100% Fibonacci retracement, and surpassing it could signal a strong bullish continuation, with potential targets moving higher as buyers step in.
🛡️ Support & Invalidation:
₹1,903: This level is key as our nearest support. A close below this could invalidate the short-term bullish bias, so keep a close watch. If we hold above, bulls remain in control!
With a rising 50 and 200 EMA showing clear upward momentum, a breakout beyond ₹1,920 can open up a path to test those higher levels. Let's stay alert for strong price action and volume to confirm the move! 💪
🚨 Plan your trade, trade your plan! 🚨
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.
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.