*KOTAK MAHINDRA BANK (NSE: KOTAKBANK) | Weekly | Breakout Watch, Measured Move to ~589**
**Setup**
Kotak has been consolidating for years between a floor near **309.15** (the 2024 low) and a ceiling near **449.30**. That ceiling has capped price repeatedly since late 2021: the 2021 high, the 2025 rally and the multiple rejections through 2025.
This week price is trading at **459**, up about 4.3%, and pushing above the 449.30 resistance for the first time in years.
**Measured move**
- Base height: 309.15 to 449.30, about 140 points
- Projected from the breakout level: 449.30 + ~140 = **~589**
- Distance: about +28% from the current 459, or about +31% from the breakout level
**Condition: weekly close**
This is not confirmed until a **weekly close above 449.30**. Wicks above this line have failed before, so a close matters more than an intraday poke.
**Levels**
- Breakout / support flip: **449.30**
- Target (top of measured move): **~589**
- Invalidation: a weekly close back below 449.30 means a failed breakout
- Major base support: **309.15**
**What to watch**
1. A strong weekly close above 449.30, ideally near the highs of the candle
2. A possible retest of 449.30 as support, which is the healthier way for the move to continue
3. Volume expansion on the breakout week
*A multi-year base is the kind of structure that can support a large measured move, but only if the weekly close confirms. Wait for the close, not the wick.*
*Educational analysis only, not investment advice. Please do your own research and manage your risk.*
#KOTAKBANK #NSE #Breakout #MeasuredMove #SwingTrading
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**Setup**
Kotak has been consolidating for years between a floor near **309.15** (the 2024 low) and a ceiling near **449.30**. That ceiling has capped price repeatedly since late 2021: the 2021 high, the 2025 rally and the multiple rejections through 2025.
This week price is trading at **459**, up about 4.3%, and pushing above the 449.30 resistance for the first time in years.
**Measured move**
- Base height: 309.15 to 449.30, about 140 points
- Projected from the breakout level: 449.30 + ~140 = **~589**
- Distance: about +28% from the current 459, or about +31% from the breakout level
**Condition: weekly close**
This is not confirmed until a **weekly close above 449.30**. Wicks above this line have failed before, so a close matters more than an intraday poke.
**Levels**
- Breakout / support flip: **449.30**
- Target (top of measured move): **~589**
- Invalidation: a weekly close back below 449.30 means a failed breakout
- Major base support: **309.15**
**What to watch**
1. A strong weekly close above 449.30, ideally near the highs of the candle
2. A possible retest of 449.30 as support, which is the healthier way for the move to continue
3. Volume expansion on the breakout week
*A multi-year base is the kind of structure that can support a large measured move, but only if the weekly close confirms. Wait for the close, not the wick.*
*Educational analysis only, not investment advice. Please do your own research and manage your risk.*
#KOTAKBANK #NSE #Breakout #MeasuredMove #SwingTrading
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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.
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.