4. Kotak Mahindra Bank

🔹 Time Frame: Weekly

🔹 Current Market Price (CMP): ₹1,756.20

🔹 Trend/Market Structure:

➤ The stock is currently in a range-bound consolidation, oscillating between ₹1,622 (support) and ₹2,042 (resistance) for the past 4 years.

➤ The long-term trend remains neutral, with no clear directional bias due to this prolonged consolidation phase.

🔹 Technical Pattern Recognition:

➤ The price is forming a rectangle pattern, indicating indecision and a lack of strong trend direction.

➤ Key levels of ₹1,622 (support) and ₹2,042 (resistance) are critical for the next major move.

🔹 Key Zones:

➤ Support Zones:

Support Zone 1: ₹1,622 - ₹1,650 (Lower range of consolidation and strong demand zone)

Support Zone 2: ₹1,500 - ₹1,530 (Major historical support zone below the rectangle pattern)

➤ Resistance Zones:

Resistance Zone 1: ₹1,980 - ₹2,042 (Upper range of consolidation and supply zone)

Resistance Zone 2: ₹2,100 - ₹2,120 (Key psychological resistance if the breakout occurs)

🔹 RSI Analysis:

➤ Current RSI Level: 47.58

➤ RSI indicates neutral momentum, consistent with the range-bound movement.

➤ Historically, RSI has seen reversals near 40 (oversold) and resistance near 70 (overbought) during this consolidation.

🔹 EMA Analysis:

➤ EMA 25: ₹1,782.62 (Above CMP, acting as immediate resistance).

➤ EMA 50: ₹1,782.59 (Aligned with EMA 25, confirming short-to-mid-term resistance).

➤ EMA 200: ₹1,736.05 (Near CMP, providing long-term support).

➤ EMA alignment (25 ≈ 50 > 200) indicates a lack of strong momentum, aligning with the sideways trend.

🔹 Verdict:

🔹 Trend: Neutral with range-bound movement between ₹1,622 and ₹2,042.

➤ A breakout above ₹2,042 could signal a bullish continuation, while a breakdown below ₹1,622 may lead to further downside.

➤ The stock is currently trading near the mid-point of the range, requiring confirmation of direction.