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KOTAK MAHINDRA BANK LTD.
Long

KOTAK MAHINDRA IS A BUY !

By kautilya_k
Updated
My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one.

Bullish Signals

  • The daily candle formed a bullish engulfing candle.
  • The Stochastic RSI is oversold and is attempting a reversal.
  • The MACD on the Daily is converging and had a bullish crossover on the 4H.
  • This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals.



-Kautilya.K
Note
Strength declining, might retest support again
Note
snapshot
Trade active
snapshot
Trade closed: target reached
Demand ZoneTechnical IndicatorsKOTAKBANKkotakbanklongkotakmahindrabankmacdcrossovernsenseindiaTrend AnalysisWave Analysis
kautilya_k
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