Trend line breakdown.
KOTAKBANK has been trading in the range of 1700-1900 for more than 2 years. It also has followed a trendline for 12 years, which is now broken. Because of this long consolidation, the next trend will be very strong. Although different banks are showing different trends. For example HDFCBANK is for bullish patterns. Hence we have to be very careful in the whole sector. But signs of strong trend are evident in many stocks.
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