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KOTAK BANK: SYMMETRICAL TRIANGLE

Long
KOTAK MAHINDRA BANK LTD. (BSE_DLY:KOTAKBANK)  
TradingSutra  
BSE_DLY:KOTAKBANK   KOTAK MAHINDRA BANK LTD.
Trend Analysis Chart Patterns Wave Analysis KOTAKBANK kotakbanklong kotakbankltd kotakmahindrabank kotakbanktechnicalchart Symmetrical Triangle stockstobuy stockstowatch stockstotrade
3
0
trendanalysis chartpattern waveanalysis kotakbank kotakbanklong kotakbankltd kotakmahindrabank kotakbanktechnicalchart symmetricaltriangle stockstobuy stockstowatch stockstotrade
Stock is under formation of a symmetrical triangle pattern. Stock is holding above it's 200 EMA on the weekly chart. A sustained closed above 2060 will be considered as a confirmed breakout of the pattern which shall take the prices towards 2800 zone in the coming months.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
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