Kotak Bank's Q3 Surge and Potential Pullback
Topic Statement: Kotak Bank reported a solid 10% QoQ profit growth in Q3, sending its stock price soaring 9%, but the breakout from the down trending channel and the gap created raises concerns about a potential return to fill the gap.
Key Points:
1. Reported profit growth of 10% QoQ.
2. Stock price jumped 9% post-earnings announcement.
3. Breakout from the down trending channel.
4. A significant gap was created due to the good news.
5. Gap could lead to a pullback to fill it.
6. Price has faced severe resistance at the level of 1900 and the candles create a double top pattern.
Key Points:
1. Reported profit growth of 10% QoQ.
2. Stock price jumped 9% post-earnings announcement.
3. Breakout from the down trending channel.
4. A significant gap was created due to the good news.
5. Gap could lead to a pullback to fill it.
6. Price has faced severe resistance at the level of 1900 and the candles create a double top pattern.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.