KOTAK MAHINDRA BANK LTD
Short

KOTAK MAHINDRA BANK - DAILY

270
KOTAK MAHINDRA BANK

The stock is moving sideways in Daily charts. It has given a breakout from Triangle pattern in the last week but the conviction in the following days was not strong to break the 1110 Support barrier.

Technical Indicators are mild Bearish. Time-Trend tools is Bearish in Daily and Weekly timeframe. Also, there has been a noticable writing of 1140 Call option in the last trading session.

If price closes below support level 1108 the next strong support is 1001 and the resisatnce is 1216 on daily chart. However if 1115 is defended, it can have a bounce towards 1300.

KEEP AN EYE!! #B-

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.