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MarketsWithKR

What's cooking with Kotak Bank?

KOTAK MAHINDRA BAN (NSE:KOTAKBANK)  
MarketsWithKR Updated   
NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Trend Analysis Chart Patterns Technical Indicators KOTAKBANK Descending Triangle breakout Divergence BANKNIFTY
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trendanalysis chartpattern indicator kotakbank descendingtriangle breakout divergence banknifty
KOTAKBANK is sandwiched between the trendline & 50DMA and the 200DMA.

Interestingly, BANKNIFTY has created HL-HH while Kotak has created lower highs and appears to have formed a descending triangle.
Comment:
Broken out of the trendline and above 1800
Comment:
Facing stiff resistance around 1820 levels so far. Banks haven't entirely participated in the rally yet (BNF underperformance is seen too). Kotak has the potential to lead the next leg of the rally for banks (if it happens).

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