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Piyush-Gupta
Oct 22, 2020 1:29 PM

KOTAKBANK, MUST HAVE BANKING STOCK ON PORTFOLIO (CHART# 343) Long

KOTAK MAHINDRA BANNSE

Description

KOTAKBANK is testing 1400-1425 zone for 4th time. Banking sector is currently in trend and KOTAKBANK is one of the sound fundamental stock as well.
Once it cross this resistance zone, it can see 1530-1550 in coming days/week.
This zone is respected since July' 18 multiple times as highlighted by flags (red & green color). Must have on your watchlist for coming days.

Daily view of same chart


Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.

Thanks
Piyush Gupta
Comments
Piyush-Gupta
CRAZY MOVE. 1600 achieved today. Hope some of you were benefitted.
champvimal
Wish I had seen your chart earlier. Excellent uptrend (may be due to results but technicals were also saying it out loud).
Piyush-Gupta
@champvimal, thanks brother.
Yes it may be news driven move but technical helped us to make position on Friday when it crossed the level.
sgravi05
Sir, you target achieved
KetanM
Superb sir. Thanks for sharing. 👍🏻👍🏻
SairamParamasivam
Nice one sir.
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