Beabull

Kotak Bank Weekly Chart Support

Long
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
1700 is the neckline of M pattern on weekly chart.
It has taken support at 1700 earlier and also 55 days EMA support at 1700.
It may test 1850 level soon.
Sell volumes are decreasing means sellers are not interested in selling at this level.
Bank Nifty has underperformed Nifty 50. So it may go up in coming weeks.

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