Kotak bank breaking out from consolidation rectangle pattern of about 3.18Y. Rectangle is a continuous pattern and likely to continue the uptrend. Soon ATH breakout and would reach 161.8% fib level after pivot target of 2376.5. RSI also had a clear breakout in weekly timeframe. Also higher timeframe looks good.
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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.