KOTAKBANK 1D Time frame📊 Current Snapshot
Current Price ≈ ₹2,031
Change: ~ -1.15% on latest trading day
Price is above both 50-day and 200-day simple moving averages, which indicates the medium & longer-term trend is still upwards.
Volume is moderate.
🔍 Indicators / Momentum
RSI (14-day): Mid-range, somewhat bullish (but not overbought).
MFI (Money Flow Index): Also mid-range.
Trend Strength Indicators: Mixed. Some moving averages suggest support (price above), while other oscillators show some weakness or potential for sideways drift.
🔒 Support & Resistance Levels
Type Level (Approx)
Key Support ~ ₹2,010 – ₹2,020
Stronger Support if breaks down ~ ₹1,990 – ₹2,000
Immediate Resistance ~ ₹2,050 – ₹2,060
Higher Resistance ~ ₹2,075 – ₹2,080
⚠️ What to Watch For / Risks
The recent dip suggests sellers are exerting pressure near resistance zones.
If momentum weakens, price could fall toward the support band around ₹2,010‐₹2,020.
Any break below ₹2,000 may trigger more bearish sentiment.
🎯 Possible Scenarios
Bullish Case: If price can hold above current support and break above resistance (~ ₹2,050+), it could aim for ₹2,075-₹2,100.
Bearish Case: Rejection at resistance could pull it back toward ₹2,010 or lower. Further weakness might push it toward ~₹1,950-₹2,000 if broader market is weak.
