KOTAKBANK--1980 Or 1870.Observations::
----->> The stock is facing resistance multiple times from the resistance zone @1980.
It is broken the trendline and retested the supply zone and waiting for breakout ot breakdown.
if it wants to test the Supply one more time or breakout above the resistance @1980.
Dont forget the demand zone, it will acts as a support.
And this will take the price towards resistance @ 1980 zone.Keep an eye @ this place.
we have a strong demand zone @1870 level, if this breaks we have a bullish gap @ 1760 level.
Kotakbanklevels
KOTAKBANK-Consolidation+ Up move = Reversal Expected or Bullish?KOTAKBANK Observations:
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
Kotakbank Trade setup Idea - 15 september 2022Since all the banks have either broken the range or moved to all time high, I expect kotakbank to also join the party.
Besides Kotakbank has been hovering the resistance multiple time, it could possibily break this resistance this time.
If Kotak bank opens flat and moves above 1974, I would go long with a target of around 2000 and stop of 5-6.