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KOTAK MAHINDRA BANK LTD.
Long
Updated

KOTAK MAHINDRA IS A BUY !

121
My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one.

Bullish Signals

  • The daily candle formed a bullish engulfing candle.
  • The Stochastic RSI is oversold and is attempting a reversal.
  • The MACD on the Daily is converging and had a bullish crossover on the 4H.
  • This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals.



-Kautilya.K
Note
Strength declining, might retest support again
Note
snapshot
Trade active
snapshot
Trade closed: target reached
kautilya_k
Also on:
Demand ZoneTechnical IndicatorsKOTAKBANKkotakbanklongkotakmahindrabankmacdcrossovernsenseindiaTrend AnalysisWave Analysis

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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.
Demand ZoneTechnical IndicatorsKOTAKBANKkotakbanklongkotakmahindrabankmacdcrossovernsenseindiaTrend AnalysisWave Analysis
kautilya_k
Also on:

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.