Kotakbank in a descending triangle pattern.

Kotak mahindra bank has been consolidating for 3 months.

The bank is due for its quaterly results and a break out.

The stock has respected its 20 ema on daily time frame.

If the stock breaks out of the consolidation zone it can give nice long targets.

Support :- 1700, 1577
Resistance :- 1820-25, 1964

Wait for the entry above the level of 1820-25 as it will be double confirmation break out.

Swing and intraday trades can be initiated in the stock.