NSE:KOTAKBANK KOTAK BANK is bearish on major tf, should be going down to touch the target level zone, if breaks above 1713, wait for retest and then only go long for above marked target zone with strict risk management.
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kotak bank is respecting the resistance zone of 1713/1707, if sustains below 1690 then can achiueve target of 1670 and further below it can achieve target of 1652/1643.
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kotak bank respected the resistance once again with strong selling
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kotak finally breaks 1713 level and after retesting 1713 on 5 min timeframe it has started to move towards upside target of 1757/1767 zone. if kotak breaks previous day high and sustains above it then we can hold positions till target zone.
fresh support has formed between 1724/1720, can make new positions in this support zone with sl of previous resistance which will act as strong support now, which is from 1713 /1707 range .
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kotakbank has finally reached the upside target and can give more upside after breaking the target zone , best entry will be with retest method at 1765 once kotakbank breaks it and comes back to retest it and rise again ahead,