KOTAKBANK - Keep an eye if it breaks the trendline

٩ سبتمبر

On a monthly chart, #KOTAKBANK is creating Lower Highs and price is unable to break the trendline. However, a good volume is building up and price is consolidating, creating an inside bar setup. 50 SMA once broken but reclaimed back, chances are it should move up, but if it doesn't be ready to go back to 1545 levels. From current price levels, there is room to grow easily up to 25% up and once the all time high is broken, around 40% up side is predicted from the all time high(2253) levels in a long term. It would be good to see how it reacts in upcoming days.