Kotak Mahindra Bank is showing a strong recovery after finding support near ₹345.50. The stock has moved upward and is now approaching an important supply zone around ₹453, where selling pressure may emerge.
A breakout above ₹453 could strengthen the bullish momentum and open the possibility of a move toward the ₹491.50 target. However, if the stock faces rejection at this zone, it may consolidate before making another attempt. Traders should watch for a confirmed breakout before assuming further upside.
By BrightRally_Research
A breakout above ₹453 could strengthen the bullish momentum and open the possibility of a move toward the ₹491.50 target. However, if the stock faces rejection at this zone, it may consolidate before making another attempt. Traders should watch for a confirmed breakout before assuming further upside.
By BrightRally_Research
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.