Trendline Breakout can be seen in Kotak Mahindra Bank, can be a good positional pick at CMP for the above given targets in the chart OR let the 1D timeframe candle close above the 1813.25 level, may show some good upside movement after being stuck in the resistance trendline for a long time. 2050 is the ultimate mid term target.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS.
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Those who have patience, would suggest to hold, although the stock have not given/shown the movement we expected. May show some good upside movement once gets in action..
Breakout done. but even though it has a resistance at 1813 level.
Ankushkokane
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@jaikumar7979, yes, that's correct and thats why I've given 2nd option of entering on 1D candle closing above 1813.25 level, read caption again incase if you've missed something while reading.