#HMVL CMP103.90 #TARGET 197 #RELIANCE #INFY #HDFC#KOTAKBANK #ITC#HMVL
NSE: HMVL
Short Term Quick Profit
CMP 103.90
Target 157.90
SL : 78.05
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
KOTAKBANK
Nifty so close to 16k! Nifty, Banknfity, top stock analysis!Nifty is just a smudge away from 16k! Private banks, Media and Realty stocks did quite well today, with PSU banks and many other sectors retracing.
Interestingly, Banknifty saw some strength in the second half, but Nifty saw some selling.
Let me break it down for you, candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank, Kotak Bank, SBI Bank, Axis Bank.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,660, 15,733, 15,750, 15,835 --- ....15,986 (don't want to pick tops)
Levels for Banknifty: 34,640, 34,800, 35,011 --- 35,250, 35,340, 35,400, 35,529
What's your nifty prediction banknifty prediction for tomorrow? What was your nifty banknifty trading like? Let's chat in the comments :)
#55 TAK TAK KOTAK🚀#55(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
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KOTAK BANK POSITIONAL BUY ABOVE 1820KOTAK BANK BUY ABOVE 1820 on closing basis
SL 1696
POSITIONAL TARGETS: 1840, 1860, 1890, 1920, 1960, 1995, 2025
Posting for Educational purpose only
Closing Basis means stock need to trade above 1820 between 3:25 ~ 3.30 PM
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Kotak mahindra bank #Long
FOR INTRADAY
If candle closes above 1815 buy
Target - 1825
If candle closes below 1808 sell
Target - 1793 /1788
FOR SWING
If candle closes above 1830 buy
Target - 1904/190/1940/1970
If candle closes below 1787 sell
Target - 1773/1756
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Possible Breakout in KotakBank After the close of today's session (31/05/2021), Multiple bank scrips in NIFTY seems to be hovering around a defined resistance zone.
KotakBank seems to be one of them.
Notes:
- The Scrip has been consolidating heavily since 24th March 2021 between 1691 and 1815.
- The points where the scrip previously tested the ranges are highlighted and you can see the rejections.
- It is currently consolidating right below a resistance zone for the past 2 days making a flag pattern.
- Open for both aggressive ( above 1815 since the flag breakout will be confirmed) or conservative traders ( Above 1825 to clear previous 2 Swing highs)
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Kotak Bank - Symmetrical triangle + Bullish market structure 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 explain the symmetrical triangle pattern.
Targets: 1900, 1993, 2045
Highlights:
1. Symmetrical triangle
2. Resistance from 1820-1830 zone
3. 200 MA also acting as resistance at 1830 zone
4. Sustenance above 1830, will push the price towards 1900
4. Targets: 1900, 1993, 2045
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
KOTAKBANK Ready For UpmoveKOTAKBANK
Buy- Above 1850
SL- 1790
Target - 1900 1960 2000 2040
Stock has potential to go till 2200 in short to mid term.
Below 1670 is a good short candidate.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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