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KOTAKBANK

KOTAKBANKKotak bank stock retraced 50% of wave 3 and formed an ending diagonal pattern in wave 4, finally has done breakout from ending diagonal pattern, it looks like the correction is completed and the stock is likely to started its next step of upmove, also the macd in daily time frame has turned bullish and done positive crossover, as the wave 5 unfolds the stock may cross above its all time high. one can go long at current levels or in dips (if any) , all the key levels are mentioned on chart along with stoploss and targets. wave structure retracement by 50% key levels stock near to cross upper bollinger band macd in daily positive crossover dmi and adx positive ungali setup rsi in daily above 60 and uptick rsi in hourly above 60 currently at 80+ Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:KOTAKBANKLong
by RK_Chaarts
2
Bank Nifty weightlifts Nifty Past 16250NIFTY 50 EOD ANALYSIS -04-08-21 IN SUMMARY Open / High / Low / Close 16195.25 / 16290.25 / 16176.15 / 16258.8 Trading Range Low to High: 114 points Likely Max Realistic Opportunity @ 50%: 57 points India VIX: 13. / --3.93% FII DII activities: +2417 Crores CHART BASED CONCLUSIONS Nifty made yet another gap-up opening and yet another ATH close. It faced the first resistance below 16300 so for tomorrow’s expiry, this level may act as the resistance as well. Nifty movement appears choppy on the 5-minute chart as kept moving up and down after 1100h. Tomorrow’s expiry may decide the next course of action for Nifty - above 16300 or yet another series of range-bound moves. TOP 3 LOSERS GRASIM - Earlier ATH level resistance was faced and the candle slipped below its 20 DMA and could barely close above the line. Interestingly, the 20, as well as 50 DMA lines, are moving very close to the Priceline. TITAN - Profit booking at higher levels may have brought this down though the volume is low and the daily RSI is still bullish. TATA MOTORS - After a gap-up open above the 20 DMA line, it failed to hold on to the selling pressure and closed below the line and below 300 as well. Wait and watch for now as even MARUTI was down today. TOP 3 GAINERS HDFC - The giant roared again and in a royal style. In 6 sessions, the scrip is up 11.5% and has single-handedly managed to lift Nifty from out of the non-Bank Nifty heavyweights. It is now approaching 2700 resistance and if it clears that, 2740-50 may be on the cards. KOTAK BANK - Picking up from where it left yesterday, it kept the pressure on the Bank Nifty front along with the elder cousin HDFCBANK and by EOD, it managed to cross the 50 DMA line as well. There are a few resistances around this so we have to see if it can retain the good momentum with strong volume and march ahead. ICICIBANK - Another Banking heavyweight that roared and helped Bank Nifty outperform. It also closed at a new ATH and crossed 700 as well for the first time with good volume. POSITIVES HDFC twins getting back in traction along with KOTAK BANK is a big plus as these are the counters that were dragging or not letting Nifty and Bank Nifty move higher. Bank Nifty now has only 2-3 resistances to clear before hitting ATH. The volumes are good and so is the RSI on the daily chart. With RBI policy on 06-08, we have to see if it can close the week at a new ATH - though it is a very tall order considering that tomorrow is the expiry. FIIs have bought in excess of 2500 Crores is a big positive so some more upside is in store. NEGATIVES IT and Auto scrips came under pressure and the heavyweights have ended in the negative. RELIANCE has closed above 2100 but was choppy and somewhat reluctant to move up. It has the potential to be a spoilsport when all is well. TRADING RANGE FOR 05-08-21 As of now, the indices are on the run so I prefer to wait for them to settle down for the week before working on any levels as from hereon till some time, heavyweights could decide which way and how far the indices could be move. INSIGHT / OBSERVATIONS For the first time OHLC for Nifty is above 16000 so it would now act as a good support and a psycho barrier for bears as and when they choose to bring the index down. Bank Nifty clearly out-performed Nifty and it may now happen that Bank Nifty may scale its ATH and then only some new set of actions could take place. Though HDFCBANK is not in the top gainers, it has managed to cross the 200 DMA in style and has met with a resistance at 20 DMA. The momentum is picking up and the volume is good so we have to see by when it manages to cross the line and then the 1500 mark which would also take it above the 50 DMA. Thank you, and Happy Money Making! Umesh 4-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
KOTAKBANK to bounce back? | CHART#17Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance_Sheet_Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance_ and Other Banking Business. *Stock Analysis* 1. Kotak Mahindra Bank witnessed a decline in price after reaching its all time high. 2. Prices are consolidating to 1700 levels which is a good entry point for the stock as the stock was trading at that levels during pre-COVID times. 3. Kotak Mahindra Bank is a fundamentally good company which is consistently making highest ever profits, but the share price is not trading at the highest ever price. This mismatch will be corrected soon. 4. Technically Kotak Bank is making a triangle-pattern with base at 1700 level. 5. Stock price is below 200,50,20 Moving averages which can be used for taking entry. 6. Good Entry point for long term investors also. *Important Levels to Watch* -- Entry @ Current Market Price ( 1700 range) -- Target @ 1803 | 1889 -- SL @ 1640 Notes : Better to hold on to the stock as the rebound can happen any time!! ▢ Feel free to suggest your view on this as learning is earning here. ▢ Drop a follow here😉 @GokulHari Good Luck Investors❗ -- GokulHari ❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
NSE:KOTAKBANKLong
by GokulHari
Kotak Bank (symmetrical triangle pattern) LONGAs you all can see there is a symmetrical triangle pattern forming in Kotak bank which can lead to a break out on either side but as you can see that 1626 recently acted as a strong support and it has taken support on the trend lines down side 4 times and upside trend line it has acted as restitance 4 times , so if it break above 1730 we can see a strong breakout in Kotak Bank in august expiry , else if it acts as resistance again it will retest the support of the trendlines again , so keeping stop loss as 1625 and first target as 1730 and if it breaks we can again test the ATH ;). Hope it was helpful for some of you :) Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. This is completely for educational purpose
NSE:KOTAKBANKLong
by krishnakrizz07
3
Trading Opportunities for W/B 02-08-21TRADING WATCHLIST FOR W/B 02-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the script name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favourite indicators and check it out if any of these fit your trade plan. Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed. ON MY WATCHLIST FOR W/B 02-08-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME CIPLA COAL INDIA HDFC BANK HEROMOTOCO TCS AURO PHARMA CADILA CHALET GLENMARK JUBILANT PHARMA L&TFH VOLTAS SECTORS LOOKING GOOD- I could not find anything interesting here as all the sectors seem to be already up so either a fresh breakout above 16000 or below 15500 may give some opportunities at a sector level. During the week, the universe of my stock search is limited to Nifty, Banknifty, and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well. Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same. I hope you are able to make the most of this new initiative. Thank you for your time and Happy Learning, Umesh 25-07-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT