KOTAKBANK - Cup & Handle
Kotak Bank is in a Rectangle Channel on Weekly Charts, while on Daily chart a potential Cup & Handle formation is seen. With 20 DEMA crossing 200 DEMA making a positive crossover. There could be a possible breakout of Cup & Handle pattern breakout in near sessions. Buy @ 1850 with a Stop loss of 1687 for the short term target of 2075.
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.