KOTAK MAHINDRA BANK BREAK OUT ON MONTHLY CHART/ UPSIDE POTENTIAL
This stock is out of consolidation of almost 5 years. keep an eye of this stock start accumulating this stock on this price range. 1997 will be sl and target 2400.
Kotak Mahindra Bank has broken out of a **multi-year consolidation range** on the monthly chart. After several rejections near the 2,030–2,050 zone, the stock has now closed above this level with strong volume, indicating bullish momentum.
**Key Observations**:
* 📈 **Breakout Confirmation**: Price has closed above a major resistance zone around ₹2,050, which held for several years.
* 🟦 **Support Zone**: The previous resistance (\~₹2,030–2,050) could now act as strong support.
* 🔵 **Moving Average Support**: Price is well above the 20-period EMA (blue line), confirming trend strength.
* 📊 **Volume Spike**: Volume supports the breakout, showing institutional interest.
* 📈 **Trend**: Overall uptrend intact, with higher highs and higher lows since early consolidation phase.
**Levels to Watch**:
* **Immediate Support**: ₹2,030–2,050
* **Next Target**: ₹2,300–2,400 (previous highs and psychological zones)
* **Stop Loss for Longs**: Below ₹1,930 (monthly low or below EMA
* **Swing/Positional Trade**: Accumulate on dips toward ₹2,050–2,070 with stop-loss below ₹1,930.
* **Investors**: Could consider this as a long-term entry opportunity post multi-year breakout.
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**Risk Disclaimer**: This analysis is for educational purposes only. Always do your own research and risk management.
Kotak Mahindra Bank has broken out of a **multi-year consolidation range** on the monthly chart. After several rejections near the 2,030–2,050 zone, the stock has now closed above this level with strong volume, indicating bullish momentum.
**Key Observations**:
* 📈 **Breakout Confirmation**: Price has closed above a major resistance zone around ₹2,050, which held for several years.
* 🟦 **Support Zone**: The previous resistance (\~₹2,030–2,050) could now act as strong support.
* 🔵 **Moving Average Support**: Price is well above the 20-period EMA (blue line), confirming trend strength.
* 📊 **Volume Spike**: Volume supports the breakout, showing institutional interest.
* 📈 **Trend**: Overall uptrend intact, with higher highs and higher lows since early consolidation phase.
**Levels to Watch**:
* **Immediate Support**: ₹2,030–2,050
* **Next Target**: ₹2,300–2,400 (previous highs and psychological zones)
* **Stop Loss for Longs**: Below ₹1,930 (monthly low or below EMA
* **Swing/Positional Trade**: Accumulate on dips toward ₹2,050–2,070 with stop-loss below ₹1,930.
* **Investors**: Could consider this as a long-term entry opportunity post multi-year breakout.
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**Risk Disclaimer**: This analysis is for educational purposes only. Always do your own research and risk management.
Dagangan aktif
i am accumulate on this price range very gud stock if it consolidates on this price range. Follow above suggested SL. and belive on your chart and trade. any info will be avbl on chart
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.