KOTAKBANK
KOTAK BANK | TRADE SETUP for 26-07-2021NSE: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 hold above 1720 and trade above it then there will be easy trade on buy side and targets are marked on the chart.
2) If it open with gap up then wait 15-20 min to get it cool down and if you see in this 15-20 min going down to take support from 1720 range or even from 1700 range and it makes the hammer candle in this range then it will be the sign of reversal of trend and it will give bullish trade.
3) If it open with gap down then wait 15-20min and if you see in this time if it breaks 1720 range and trade above it then this will be sign of the uptrend but a green candle need to be closed above 1720. But if it faces resistance then it will again consolidate in 20point range from 1700-1720 and then we can just wait for the levels to reach take trade on either side.
3) Short trade can be only made below 1690 level. Target for short/sell trade already mentioned on chart.
Trading Opportunities for W/B 26-7-21TRADING WATCHLIST FOR W/B 26-07-21
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 favorite 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 26-07-21 to 30-07-21 --
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
KOTAK BANK
ONGC
TCS
SIEMENS
INOX LEISURE
JUBILANT PHARMA
L&TFH
LA OPALA
LIC HOUSING
SADBHAV
TWL
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.
Kotak bank - Triangle breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Pure chart analysis on Kotak Bank chartTriangle formation is almost going to complete on the daily chart of NSE:KOTAKBANK chart. This is pure chart analysis without any other indicators. Watch it carefully, in the next 4-5 trading days it may show its moves.
Follow me if you are interested in pure charting analysis like that.
Feel free to ask any queries in the comment section about this chart pattern.
KOTAKBANK is not looking goodNSE:KOTAKBANK had been showing sluggishness and stuck in a small range for the last 3-4 months. Last quarter results had been also not that great. And looking at the current movement of it, looks like results are going to be either okay or below expectations. If results are below expectations then it might show 1680 levels.
Nifty, Banknifty, Top Stocks Weekly Analysis#Nifty50 and #Banknifty saw a day with some bearish bias. Their down-moves were 2x their upmoves.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, 36,455
#KOTAKBANKNSE: KOTAKBANK
After moving in a parallel channel within the supply and demand zones, Kotak Mahindra Bank has given a strong breakout and has been bullish the last few days. The road to 1800+ seems to be clear. Possible entry at next pullback
Educational purpose only - Trade at your own risk.
Good luck.
Kotak Bank in Triangle Zone with Fundamental Catalyst!Kotak Bank in a triangle zone. Kotak Bank has quarterly results coming up in 17 days now which can act as a good catalyst in order for it to break the the triangle on the upside giving us the first target of 2000 which happens to be a good psycological round number as well. A daily closing below 1670 can be considered as a Stop loss. A good risk to reward indeed!
Kotak mahindra bank LONG, for intraday and swing target Hello traders,
here's one more analysis for you. KOTAK MAHINDRA BANK
as it made a very bullish move from 1700 levels, and on the same day came back to the mean level.
So we are waiting for the price to come back at the same level, which is round level- 1700
Scenario1- we can go long @1700 with the SL of 1696.50, against the target of- 1713 (2.84 RR), 1723, 1742( 9.04 RR winning Trade scenario)
Scenario 2- if the price sustain above 1716, one can still go long for a target of 1742 Intraday)
I would still prefer scenario1. for intraday and swing trade. Also Stock is near 200 ema on daily Time Frame
Kotak Bank: Chart set up & trading strategyKotak Mahindra Bank
Observations:
- On the upper side 1804-1825 levels has acted as resistance
- 20 day EMA is around 1773
- 50 day EMA is around 1707
- The yellow zone has acted as a major resistance back in Dec 2019 - Feb 2020
- Now it is consolidating near the same levels
For Cash buying consider buying in 2 tranches
- one at current levels and 2nd
- on Any further dips towards the blue line currently around 1615. The risk::reward ratio looks very favorable near the blue line.
Target 1820 / 2030 / 2240 / 2412
Follow the blue line as you guiding line...
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F&O Strategy for July month
Given the chart set up, strategy suggested in Kotak Mahindra Bank for July month: Iron Condor strategy
It is a combination of 4 lots (2 for Call option and 2 for Put option)
Sell 1800 Call Option around 20
Buy 1840 Call Option around 11
Sell 1680 Put Option around 24
Buy 1640 Put option around 13
Net credit approximately 20 points
Lot size:400
The strategy has a yield potential of approximately 12.8% on margin requirement
Loss in strategy if closing on 29 July is below 1660 or above 1820.
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Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be