mDeepak_

KOTAK BANK -suggesting a swift Downside

NSE:KOTAKBANK   KOTAK MAHINDRA BAN
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance

Stock is taking multiple support at the level of 1650.

Bank has formed a lower high and has breached its swing low support on a closing basis. RSI is losing momentum and has breached the trendline support. MACD has formed a bearish crossover and is sustaining below its zero line

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