Sports
23h ago
KOTAKBANK for NSE:KOTAKBANK by RShivashankar
*KOTAK MAHINDRA BANK (NSE: KOTAKBANK) | Weekly | Breakout Watch, Measured Move to ~589** **Setup** Kotak has been consolidating for years between a floor near **309.15** (the 2024 low) and a ceiling near **449.30**. That ceiling has capped price repeatedly since late 2021: the 2021 high, the 2025 rally and the multiple rejections through 2025. This week price is trading at **459**, up about 4.3%, and pushing above the 449.30 resistance for the first time in years. **Measured move** - Base height: 309.15 to 449.30, about 140 points - Projected from the breakout level: 449.30 + ~140 = **~589** - Distance: about +28% from the current 459, or about +31% from the breakout level **Condition: weekly close** This is not confirmed until a **weekly close above 449.30**. Wicks above this line have failed before, so a close matters more than an intraday poke. **Levels** - Breakout / support flip: **449.30** - Target (top of measured move): **~589** - Invalidation: a weekly close back below 449.30 means a failed breakout - Major base support: **309.15** **What to watch** 1. A strong weekly close above 449.30, ideally near the highs of the candle 2. A possible retest of 449.30 as support, which is the healthier way for the move to continue 3. Volume expansion on the breakout week *A multi-year base is the kind of structure that can support a large measured move, but only if the weekly close confirms. Wait for the close, not the wick.* *Educational analysis only, not investment advice. Please do your own research and manage your risk.* #KOTAKBANK #NSE #Breakout #MeasuredMove #SwingTrading ---