Bears managed to drag the indices to expire below key psych levels. Banks and IT both seemed weak. What's your view?
Stock approaching Resistance Zones 1785 - 1740. Bears will try to start pushing prices lwoer from here as long as this zone is not crosseed on upside
Above is the view shared for KOTAKBANK, wherein it can go long of Wave 5 or in correction Wave B.
Kotak Mahindra Bank seems poised for an upside after bouncing from key support area. It has reached historical 10 Year PE level of 25-30ish and S2 Fibonacci Pivot as well. There has been consistent topline and bottom line growth, with increasing market share from shift to organized sector. This is not an investment advice. Only for research purpose.
Stock at Medium Term Support Levels of 1680-1630. Value buying by Long Term Investors can happen at these Levels.
Kotak Bank looks like in accumulation zone. For Investor Mindset - an SIP in Kotak Bank within the channel will give good and safe gains. For Trader Mindset - Wait for a bounce back from RSI in 35-40 range, will give a good swing trade going ahead. * Note - Material only for informational purposes, do your own due diligence before taking positions.
Current bias is bullish After recent breakout stock currently in pullback zone 1840-1880 seems to be a good range Break and sustain above 1880 will take stock back to 2K levels Risk to reward seems excellent
Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 06 – June 10 ) Last Weekly Nifty witness selling pressure @ 200day EMA @ 16746 on friday, while the pivot for the week @ 16223 was not breached. Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16358 levels, whereas minor resistance ...
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Kotak Bank has formed W pattern on weekly timeframe , this could be a great investment opportunity , if KOTAK BANK is able to break the upper resistance zone could go up till 2000 level Note: This is only for educational purpose
NSE:INDUSINDBK #xNSE:INDUSINDBK formed beautiful ascending triangle. Happy LEarning !!
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...
Bank nifty might face a consolidation for a few days Fundamental factor 1. war-like situation in the market. 2. most Chinese cities are under lockdown. 3. due to LIC IPO we could see a sell-off in the stocks for some time. 4. Fed might hike the interest rate due to increasing inflation. So, overall there is a lot of fear In the market (REMEMBER ALL THE BULL...
In a daily chart we can see that, kotakbank is in a crucial zone and forming symmetric triangle pattern and we also see that it is in important demand zone that we marked in chart wait for the proper breakout with volume. Do your own analysis before investment. it is just my view on the stock, not recommendation.
#Kotakbank is forming a major descending triangle close to major support zone. Descending triangle breakdown if succeeds it could go to 1000 while a pattern failure- failure of descending triangle cud send it back to ATH
Only for educational purpose , please follow levels.
This is daily timeframe. We can see clear breakout of chanel and now come for retest the trendline. Looking for upmove above 1790. Entry :- 1790 Target :- 1920 , 1980 , 2050 SL :- 1730 (Not Sebi Registered analyst. This is just My view..Educational Purpose only.)
KOTAKBANK is trading near support of descending Triangle Pattern. Stock is respecting the triangle formation from the last 4 months. Further action will depend upon the outcome of pattern. On Descending Triangle Pattern and it's structure :- A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that...