KOTAKBANK Wave ((III)) Developing?Kotak Mahindra Bank appears to have completed a significant corrective phase at 345.50, potentially marking the end of Wave ((II)).
The subsequent recovery supports the possibility that Wave ((III)) is now developing. The internal subdivisions also suggest that Waves I and II of ((III)) may be complete, potentially setting the stage for the next advance.
If Wave ((III)) extends, the upside could exceed the initial projections.
🎯 Price Targets
- Short-term targets: 464 – 479 – 497
- Long-term targets for 2027: 497 – 538 – 560 – 590
These levels represent potential price objectives, subject to the developing Elliott Wave structure.
💬 What's your view?
Will Kotak Mahindra Bank reach these targets in 2027, or could another correction begin first?
Share your Elliott Wave count and view in the comments!
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Related publications
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.