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Kotak

Simple Trade Setup | KOTAKBANK | 17-12-2021 [ INTRADAY]NSE:KOTAKBANK Observations: 1) On 1day time frame, since last 3 days it has been trading around 200DMA. Yesterday, it gave breakout of 200DMA and today it managed to take support from 200DMA and close just above 200DMA. 200DMA is major support at this moment. If it gives breakdown of 200DMA then it will be bearish again. 100DMA will be immediate resistance. 100DMA is placed at 1914.80 and 200DMA is placed at 1848.13 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, it is trading in descending parallel channel. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 17-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:KOTAKBANK
by Trading_hawk
Simple Trade Setup | KOTAK BANK | 17-11-2021 [ INTRADAY]NSE:KOTAKBANK Observations: 1) On daily time frame,it closed and sustain above 10DMA 10DMA is placed at 2077.23 level. Immediate support is 2080 level. Immediate major support is 2050 level. Immediate resistance is at 2100. Major breakout level is at 2125 level. Please refer below chart : 1 day Time Frame. 2) On 1hr time frame, it has been taking support from the parallel channel. Breakdown of this channel will lead it to bearish. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 17-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:KOTAKBANK
by Trading_hawk
2
21-10-21 Bank Nifty - What a Move! And yet it made me sad!A MISSED OPPORTUNITY THAT WOULD HAVE HELPED ME BUY A NEW LAPTOP! Trade Opportunity Date: 21-10-21 Yet another Missed Opportunity-- Bank Nifty at 39550+ Went long 39400 CE at 242 as it was an expiry day and did not want to make the mistake of trading an ATM CE. SL hit at 185 Moved to Nifty 18000 CE as I have not traded Bank Nifty after it cleared 39000 and clearly the SL was an indication that my readings were not good as I had the opportunity to at least place SL at cost or just below the cost. In between checked what happened to the 39400 CE. Surprised to see it at 185! After making a low of 87! The order window was opened by me but realized that the option had decayed to some extent. So suspecting a faster decay if Bank Nifty does not move for some time, i chose not to take the trade. Nifty CE was already in green so chose to play safe. My order would have been for 4 lots or 100 shares. Usually, I don't trade this size but I was expecting a bounce-back as Nifty had been beaten down and that is what usually happens on such days especially when they happen to be the expiry days. After some time I thought of checking where that CE is. I could do so as my Nifty trade was moving on well. 39400 CE was at 553! A few minutes later 600! EOD 632 Assuming I would have held on as I did in Nifty, I may have got 400 points or 100*400 = 40,000! No regrets as I was not ready to take the risk and my Nifty trade was moving on well But this has made my weekend work cut out for sure! This is the potential of Bank Nifty and I will find a way in which I can be part of such moves in the time to come. A few readers/viewers have asked me why I did not cover this huge move in my analysis. The reason is that I mainly analyze Nifty and Bank Nifty is a sub-set if it so it gets covered in any case. How many of you were able to catch this move or like me missed the move? I would love to read your feedback as always! Best wishes for a brighter week which also happens to be the Monthly Expiry week! Umesh 24-10-21
NSE:BANKNIFTY
by AVENUESOFINVESTMENT
KOTAK BANK MAY HAVE THE FUEL LEFT TO CONTINUE THE RALLYKotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes. The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB. So there is a lot fuel left for the rally which could lift the Bank Nifty even more. Buy in a pullback for better risk reward ratio. Happy trading :) This is just for educational purposes.
NSE:KOTAKBANKLong
by Sanjan91
Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it took support and bounce from 21DMA. Please refer below chart : 1day Time Frame. 2) On 1day time frame, major resistance is at 2050 to 2054 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 20-10-2021: Most of the levels will remains the same as per previous setup. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:KOTAKBANK
by Trading_hawk
Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it sustain and tested 21 DMA and took support from it. 21DMA is placed at 1995.78 level. Also another critical level is 2000 level. So range of 1995 to 2000 will work as critical support zone. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:KOTAKBANK
by Trading_hawk
POSITIONAL TRADE IDEAKotak Bank has given a breakout after a consolidation of more than 100 days, price has also taken support from 20EMA forming a BUllish Engulfing candlestick pattern. According to fibonacci retracement, price was trying to break the 50% resistance line and today it has successfully closed above it. Price can move further if it sustains itself above 1830 level, there is a small resistance at 1875 from that level price may give a retracement and can come to test the support. if the support remains strong we can see 10% to 15 % upward move.
NSE:KOTAKBANKLong
by anuragsahu614
Simple Trade Setup|KOTAKBANK|25-08-2021|Bullish Divergence?(2)NSE:KOTAKBANK Observations: 1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence. Please refer below chart. 2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which can work as hidden bullish divergence. Please refer Chart below: 1 hour time frame. ------------------------------------- Trade Setup for Date 25-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) If it opens flat and goes down then pay attention to RSI if RSI takes support from this trendline then it will be buy trade signal coming but buy trade entry will start only on breakout of 1710 level. 3) Also use 1hour chart in the meantime to check and judge RSI. I will try if I can post update during live market in the comment section to update you. 4) Everything is mentioned on the chart. I hope it is easy to understand. 5) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:KOTAKBANK
by Trading_hawk
23
Simple Trade Setup|KOTAKBANK|24-08-2021|Bullish Divergence?NSE:KOTAKBANK Observations: 1) On 1 hour time frame we can see it made higher low, while RSI made lower low. This can be act as hidden bullish divergence. Please refer Chart below: 1 hour time frame. 2) On 15min Time frame, we can see it made almost flat lows in price action, while RSI is making higher lows. This can be act as Exagerrated Bullish Divergence. Please refer Chart below: 15 min time frame. ------------------------------------- Trade Setup for Date 24-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:KOTAKBANK
by Trading_hawk
23