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Mayank-Pandey

Kotak Bank consolidation on the verge of breaking out....

Long
KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
Mayank-Pandey  
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Support and Resistance KOTAKBANK longview breakouttrading
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trendanalysis supportandresistance kotakbank longview breakouttrading
Kotak Bank has been consolidating since H2 2020. The broad range is 1650 - 2050. With all the tailwinds behind the Banking sector in India and the recent respect of the trend line displayed by Kotak Bank, the chances of price moving out of this range are high. One can go long with an SL of a recent swing low or 1800 on a closing basis. Every dip in Kotak Bank is now an accumulating opportunity.
Best of luck!
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