KOTAK MAHINDRA BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed double bottom formation, further buying expecting once stock closes above 980. (Updated on 13th August 2014, Wednesday).

KOTAK MAHINDRA BANK

• As per previous report published on Kotak Mahindra Bank, stock made a bullish breakout but failed to sustain above and fell down. (Click here to see previous report published on Kotak Mahindra Bank).
• Now daily chart indicates stock is again trying to break its previous top of 980, If stock closes and sustains above  980 then further buying is expecting. Stock has also formed double bottom formation, this indicates bulls formation.
• Intraday close watch once stock starts trading above 980, if sustains above 980 in day trading then bulls action is expecting.
• Suggested Reading - CUMMINS INDIA is moving in a up channel formation, stock to favor bulls.
• If stock moved up from current levels then will find next strong resistance around 1050 its 161.8% fibonacci retracement.
• Weekly chart also indicates stock is now trading above 161.8% fibonacci retracement this indicates as long as stock holds above its resistance in weekly chart stock will favor bulls.
• Click here to see all the trading reports (tips) published by us on KOTAK MAHINDRA BANK.
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