kotak mahindra bank looks to have formed bottom 23-10-23
KOTAK MAHINDRA BANK seems to have formed a bottom
1. Harmonic Pattern formed on daily chart with PRZ near 1690-1710 zone
2. Narrowing Bollinger Bands on daily charts
3. Price crossed above 20 SMA daily
4. Resistance at 1838- 1845
5. Positive Divergence on RSI --- Price formed new low but RSI is rising .
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Harmonic Pattern formed on daily chart with PRZ near 1690-1710 zone
2. Narrowing Bollinger Bands on daily charts
3. Price crossed above 20 SMA daily
4. Resistance at 1838- 1845
5. Positive Divergence on RSI --- Price formed new low but RSI is rising .
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.