KOTAK BANK
Updated
Not a trading call but all banks at very crucial levels.
Kotak bank at very strong demand zone need to watch out how will this work this time.
Near resistance at 1700 if it starts trading above 1700 will be a good sign.
If goes down below 1640 possibility to go down further. Next support level 1500.
HDFC BANK already showed weak signal Near resistance 1350.
Support at 1300-1320 if slides down 1240 -1100 will be next support zone.
Other banks also showing some weakness Bank of baroda/ bandhan bank etc.
Bank-nifty near-term resistance near 33500 and support at 32300.
If breaks can slide down to 30000-29000.
This is a view for positional or buying opportunities.
Have patience and watch carefully.
Not a recommendation. (Bounce back can be temporary need some solid triggers to pull market up again)
Tredingview forextidings Shorting vivek_mashrani Equities @posiotonal #positional #invest
Kotak bank at very strong demand zone need to watch out how will this work this time.
Near resistance at 1700 if it starts trading above 1700 will be a good sign.
If goes down below 1640 possibility to go down further. Next support level 1500.
HDFC BANK already showed weak signal Near resistance 1350.
Support at 1300-1320 if slides down 1240 -1100 will be next support zone.
Other banks also showing some weakness Bank of baroda/ bandhan bank etc.
Bank-nifty near-term resistance near 33500 and support at 32300.
If breaks can slide down to 30000-29000.
This is a view for positional or buying opportunities.
Have patience and watch carefully.
Not a recommendation. (Bounce back can be temporary need some solid triggers to pull market up again)
Tredingview forextidings Shorting vivek_mashrani Equities @posiotonal #positional #invest
Note
Kotak Bank is ready do go down further.
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.