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KOTAKBANK

State Bank of India for 40% gainsDate: 4 Nov’24 Symbol: SBIN Timeframe: Weekly SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends). Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%). Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein. Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SBINLong
by DhandhaPaani
1
KOTAKBANK good to buy or wait for further correction?As we can see in the daily chart of KOTAKBANK, wave C of Flat Correction has reached 100% extension (which fulfills the rule of equality). The previous impulse also has a 50% retracement level around the same point, giving us a perfect cluster. Now, can we directly buy around this level? The answer is simple. Suppose the recent low,1735, is broken, and the stock starts to trade below this. In that case, the further level of wave C of Flat Correction will be opened, and the stock may further fall to 127.20% extension, where the 61.8% level of the previous impulse is also present, giving us another cluster. We can initiate buying at this point which is around 1695. Risky traders may start buying at the CMP with SL of recent low. This analysis is for educational purposes only. Always do your own analysis before doing any trade.
NSE:KOTAKBANKLong
by theprofityogi
18th Oct 2024 - Sensex will replace BankNifty for Algo strategyBankNifty Stance Neutral ➡️ In last week's report, I did mention that we would be forced to exit the bearish position if we get a close above 51713. The fact is that we went above these levels by 15th October itself i.e. day 2 of this week. On Thursday, we melted and then on Friday, we saw the short covering that propelled us to close at 52138. The short covering could entirely be because of HDFC and KOTAK bank quarterly results and the short-sellers would have panicked. I would like to inform you that the results are in-line and no major surprises. If the Bears are trying to get back into the game, they may do so in the opening hours of Monday 21st. To change my stance to bearish, we would need to close below 51713 now. Meanwhile, I was backtesting and analyzing SENSEX in the hope that it could replace BankNifty for my intraday Algos. After 4 days, of analysis I have the following observations. Margin requirements for Sensex are much better than BankNifty. Exchange charges are much lower for Sensex. BSE will benefit a lot more as more traders will dump NSE. The reward to risk ratio is better for Sensex than BankNifty. The liquidity is lower and Bid/Ask spread is higher for Sensex than BN, I hope this will normalize once BN weeklies come to an end. I strongly believe my algos could run on Sensex from December month onwards.
NSE:BANKNIFTY
by viswaram
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕ Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo. There is so many ways to approach chart patterns, everyone has different approaches and different insights. Some Examples of Cup & Handle pattern we have seen:- 1) 2) 3) 4) 5) 6) POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:KOTAKBANKEducation
by ReviveTraders
KOTAKBANK - Cup and Handle - Breakout -DailyKOTAKBANK - Cup and Handle - Breakout -Daily This chart represents the stock price movement of **Kotak Mahindra Bank Ltd** on the NSE, plotted on a daily timeframe. ### Key Observations: 1. **Cup and Handle Pattern:** - The chart outlines a **Cup and Handle** pattern, which is a bullish continuation pattern. The "cup" is the rounded bottom formation followed by a consolidation phase forming the "handle." - The pattern suggests that a potential breakout is underway. 2. **Resistance and Support Levels:** - **T1 - 1963 INR:** This is the first resistance level (Target 1) based on the pattern breakout. - **T2 - 2049 INR:** The second resistance level (Target 2). - **T3 - 2194 INR:** The final target level if the momentum continues upward. - **Support levels:** Strong support exists at **1625.95 INR** and **1543.85 INR**, which provide a downside buffer in case of price correction. 3. **Volume Trends:** - There has been a noticeable increase in volume during the recent breakout, which adds confirmation to the upward momentum. - The chart highlights a notable surge in trading volume, likely indicating significant buying interest. 4. **Pattern Breakout:** - A clear breakout is shown from the handle pattern, and the price has reached **1904.50 INR**, closing above the **1870 INR** mark. - The breakout target suggests potential upside gains of **8.99%** and **17.32%** from the breakout point, aligning with the target prices (T1 to T3). ### Conclusion: - The chart signals a bullish breakout from a technical perspective, supported by a well-formed Cup and Handle pattern, and the price has breached a key resistance zone. - Traders may look for **targets around 1963, 2049, and 2194 INR**, while being cautious of the key support levels below.
NSE:KOTAKBANKLong
by VCharts_TA
Kotak Bank a weekly bull flag formationTraders should keep a close watch on Kotak Mahindra Bank, as it has formed a bullish flag pattern on the weekly chart, signaling potential for a significant breakout. The key levels to monitor are around 1860-1870, where a breakout could trigger strong upward momentum. The longer the consolidation within the flag, the more powerful the breakout may be, offering an opportunity for swift price movement. With strong technicals in place, traders should be prepared to act quickly once the price breaches the resistance zone, as the post-breakout rally could accelerate rapidly. Stay vigilant and ready to capitalize on the move!
NSE:KOTAKBANK
by TradePatternsLikePro
Corona Time AVWAP + Demand ZoneKey Highlights : 🔰 🔷 Script Name : KOTAK MAHINDRA BANK 🔷 Script Symbol : NSE:KOTAKBANK 🔶 Demand Zone : 🔥 🔶 Support Level : Corona Time AVWAP🔥 🔶 Holding Time : 9 - 12 Months 💚 👉🏻 Rule No.1 : When You Get 100% , Exit 50% !! 👉🏻 Rule No.2 : Always Remember Rule No. #1 👉🏻 Rule No.3 : Always Do Basket Of 9 - 10 Stocks, Never Buy Solo Stock. 😊 Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk. Happy Learning. Cheers!! Shyorawat Arun Singh ❤️ (@Shyorawat_ArunSingh) Founder : Shyorawat Investing School
NSE:KOTAKBANKLong
by SHYORAWAT_ARUNSINGH
KOTAKBANK - Keep an eye if it breaks the trendlineOn a monthly chart, #KOTAKBANK is creating Lower Highs and price is unable to break the trendline. However, a good volume is building up and price is consolidating, creating an inside bar setup. 50 SMA once broken but reclaimed back, chances are it should move up, but if it doesn't be ready to go back to 1545 levels. From current price levels, there is room to grow easily up to 25% up and once the all time high is broken, around 40% up side is predicted from the all time high(2253) levels in a long term. It would be good to see how it reacts in upcoming days.
NSE:KOTAKBANK
by cuteCockatoo27557
KOTAK BANK - A Value Buying Pick for Long Term Investors?Symbol - KOTAKBANK CMP - 1755 Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. This is one among India's top banks. Currently trading at lowest valuation in last 10 years which makes it a great value buying pick at current levels. Stock has gone nowhere in last 3.5 years and consolidating in a range. 1700 Level is a long term support. It can be added at current levels and If 1720-1700 comes, can be added more. Long term targets comes around 2500 level which is almost 50% upside from here.
NSE:KOTAKBANKLong
by akshit_official
9
Bullish break out in the stocks for this week 08/07/2024.. ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock. The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading. Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high. A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out. Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts. If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart. Long term stock positions can also be created in the stock as it seems to show some bullishness. Wait for the price action near the levels before entering the market.
NSE:ONGC
by Mambotrade