This is the weekly chart of Kotak Mahindra Bank. The price is at trend line which have been tested three times and price is also at support level with bullish engulfing candle and now we can see higher levels on Kotak Mahindra Bank.
Disclaimer- This is just for education purpose only.
The stock is almost 20% down from its recent high, and it took a nice support at 1230-1250 level. From here we can expect a nice up move with stop loss below support level.