This is daily timeframe.
Kotak Mahindra Bank is taking support on a this support zone for more than a year.
It had formed a triangle pattern on support zone and gave breakout and had move
more than 25% last time.
After that, it corrected and again came back to previous levels at support zone,
and again consolidated for last 5 months and now showing some strength.
Today gave breakout, but it does not have strong volume.
Volume is average.
Let's see how it moves further.
This post is for information purpose only.
Kotak Mahindra Bank is taking support on a this support zone for more than a year.
It had formed a triangle pattern on support zone and gave breakout and had move
more than 25% last time.
After that, it corrected and again came back to previous levels at support zone,
and again consolidated for last 5 months and now showing some strength.
Today gave breakout, but it does not have strong volume.
Volume is average.
Let's see how it moves further.
This post is for information purpose only.
Currently it's still in consolidation zone.