#kotakmahindrabank. Breaking out from resistance
The stock has broken out to create all time high levels from a previous resistance zone that was tested earlier multiple time this year.
It is currently walking on Bollinger band after a squeeze breakout seem to be bullish.
Momentum is good on all timeframes and ADX trend strength is see rising up which is bullish.
Banking sector as such is very bullish same time. Keeping the breakout neckline as stop loss swing/positional trades could be made
with entry on a Small retracement candle or above previous candle high if aggressive.
It is currently walking on Bollinger band after a squeeze breakout seem to be bullish.
Momentum is good on all timeframes and ADX trend strength is see rising up which is bullish.
Banking sector as such is very bullish same time. Keeping the breakout neckline as stop loss swing/positional trades could be made
with entry on a Small retracement candle or above previous candle high if aggressive.
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