Kotak Mah Bank : +17% Upside Potential

16 Nov 2022 11:22hrs Kotak Mahindra Bank

A complete year of consolidation is witnessed in the stock, now the stock shows some sign of BO.

Summary
- Stock shows a BO from the VAH zone
- 1 year of accumulation
- Approaching major resistance place around 2000 levels
- Head and Shoulder pattern(Awaiting BO)
Conclusion
- CMP 1962
- Trade can be planned on BO/RT of 1990-2000 zone
- Higher targets could be around
o Short Term - 2047-2126
o Mid to Long Term - 2211-2275-2323

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
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