KOTAKBANK on verge of a BreakoutRounding Bottom formation showing signs of reversal
For Aggressive traders only since overall financials are underperforming the market and also on verge of a breakdown. It is a contra call since it has shown good traction in the last few days.
BUY @ CMP
SL: 1790
TGT: 1902
TIME FRAME: 3-4 Days
KOTAKBANK trade ideas
KOTAKBANK ::: BULLISHDATE: 30 MAY 2021
INSTRUMENT: KOTAKBANK
TREND: BUY
TIME FRAME: DAY
CMP: 1800.75
BUY ABOVE: 1815
STOP LOSS: 1746
TGT 01: 1843
TGT 02: 1902
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KOTAK Mahindra BANK - DARVAS BOX + RISING RSIKotak bank chart looks interesting for me, while many private and PSU banks has rallied a little bit, this bank has not moved that much and the price is consolidating is a narrow range.
And look at the RSI setup, it is gradually increasing daily which clearly tells you the price is getting ready to breakout soon.