Kotal Mahindra Bank: Range Bound

2022년 10월 25일

Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish.

Fundamentally: Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very resilient risk access and management.

Technical levels are marked in the chart.