5 Steps Analysis of Kotak Bank :
1. On Daily TF we can see that Stock was trade downtrend from Nov.2022 to March 2023 & made Falling Wedge Pattern.
2. On April we can see the Falling Wedge Pattern Breakout with good volume and still upside move is sustain.
3. But We can see that from last week stock made Spinning Top with High Volume and then made Doji with high volume.
4. From Last week stock mad indecisive Candles and stock going upside but volume is low.
5. Coming Days we can see in Stock can fill up the gap at downside, if Stock break the 1873 level & give closing at there the further downside we can see at 1825 level.
1. On Daily TF we can see that Stock was trade downtrend from Nov.2022 to March 2023 & made Falling Wedge Pattern.
2. On April we can see the Falling Wedge Pattern Breakout with good volume and still upside move is sustain.
3. But We can see that from last week stock made Spinning Top with High Volume and then made Doji with high volume.
4. From Last week stock mad indecisive Candles and stock going upside but volume is low.
5. Coming Days we can see in Stock can fill up the gap at downside, if Stock break the 1873 level & give closing at there the further downside we can see at 1825 level.