Kotak Mahindra, 1D, Ascending Triangle, Bullish above Rs. 1,400
As is evident from a perusal of the Chart, the area of Rs. 1,380 to Rs. 1,420 shall prove to be a supply zone for Kotak Mahindra Bank. However, if this zone is breached, and the 200EMA surpassed, then the Stock shall witness significant buying interest.
The ascending triangle being formed is further pointing towards bullish sentiment on the Stock.
The ascending triangle being formed is further pointing towards bullish sentiment on the Stock.
Note
As is typical of Ascending Triangles, volume trend is downward.Note
KotakBank also happens to be a Company in which domestic institutional investors increased their holdings in the June 2020 quarter over the March 2020 quarter.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.