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....
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...
KOTAK BANK SEEMS GOOD TO BUY ABOVE 1758, TARGET 1 >> 1782.50, TARGET 2 >> 1796.50, TARGET 3>> 1814.50, WITH STOPLOS OF 1743 (IF 15 MIN CANDLE CLOSE BELOW)
buy at 1720-1722 level which is trendline break support
target 2.5 % minimum and max target can keep at 1900-1950 level
sl = 0.5 % which is below the trendline break support
Dont take if banknifty doesn't hold 35000 level
Take at your own risk to reward
NSE:KOTAKBANK
Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK.
Review and what we learned from Today.
#1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period.
What we leared : Always to avoid trade in initial 15-20 min.
#2...
NSE:KOTAKBANK
On, 19-07-2021 and 20-07-2021, it was making lower lows, while RSI on that was making higher lows. This will be the bullish divergence.
I have marked this bullish divergence with orange line.
Now If you see the price action it has formed double bottom and it closed above critical range of 1718-1720.
Trade plan for 26-07-2021
1) If it able to...
Kotak Bank - Cmp 1821
The stock seems to be breaking out from it's resistance area. Looks good for long if sustains 1813-1823 levels for initial targets of 1900/1980.
The price was forming a symmetrical triangle that broke upwards. But the price is getting rejected from the 1820-1830 zone. The 200 MA is also acting as strong resistance in the 1830 zone. Hence 1830 is a crucial level. If the price manages to sustain above 1830, then we can head towards 1900 and upwards. I have made an illustration on the left-hand side, to...
