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Aayush_Rungta

Bounce from Key Support - Upmove?

Long
KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
Aayush_Rungta  
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Chart Patterns Technical Indicators kotakmahindrabank KOTAKBANK kotakbanklong nifty50 sensex
6
0
trendanalysis chartpattern indicator kotakmahindrabank kotakbank kotakbanklong nifty50 sensex
There seems to be strong demand zone both trendline wise and horizontally at 1630 levels, and an immediate target of 1980 seems a probably case ~ 12% move from here.
Good bounce from RSI 30 region in weekly, and MACD seems to be crossing bullish as well. The share seems to be priced on the lower end of the 10 year spectrum using PB ratio and PE ratios.

Not an investment recommendation, just for research purpose.
Thanks for reading :)
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