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KOTAKBANK

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 TheMamboMomentum
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA ⏱️ C.M.P 📑- 254 🎯 PE 🏆 - 6.98 📊 Script: FEDERALBNK ⏱️ C.M.P 📑- 159 🎯 PE 🏆 - 9.33 📊 Script: BANDHANBNK ⏱️ C.M.P 📑- 187 🎯 PE 🏆 - 10.12 📊 Script: SBIN ⏱️ C.M.P 📑- 817 🎯 PE 🏆 - 11.43 📊 Script: INDUSINDBK ⏱️ C.M.P 📑- 1410 🎯 PE 🏆 - 12.66 📊 Script: HDFCBANK ⏱️ C.M.P 📑- 1437 🎯 PE 🏆 - 16.07 📊 Script: IDFCFIRSTB ⏱️ C.M.P 📑- 76 🎯 PE 🏆 - 17.13 📊 Script: PNB ⏱️ C.M.P 📑- 123 🎯 PE 🏆 - 17.89 📊 Script: ICICIBANK ⏱️ C.M.P 📑- 1117 🎯 PE 🏆 - 18.44 📊 Script: KOTAKBANK ⏱️ C.M.P 📑- 1627 🎯 PE 🏆 - 18.49 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTYBANK) PE - 15.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
Just A View - Consolidation Breakdown - KOTAKBANK📊 Script: KOTAKBANK 📊 Nifty50 Stock: YES 📊 Sector: Banks 📊 Industry: Banks - Private Sector Key highlights: 💡⚡ 📈 Script is giving Breakdown of consolidation on Monthly chart, we may see some more bearishness into the stock. ⏱️ C.M.P 📑💰- 1551 🟢 Target 🎯🏆 - 1479 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:KOTAKBANKShort
by radha_23
1
Kotak Mahindra Bank HammeredNSE:KOTAKBANK shares have tumbled after RBI banned the private lender from taking on new clients digitally, due to IT-related deficiencies, raising concerns about the potential impact on the lender that relies heavily on online banking. The current levels may act as a support but this firm stance by RBI is in line with the recent past actions on various other companies as well. This sector has the maximum headwinds currently and one should be careful of investing in these companies specially when opportunities elsewhere exist. However, long term investors can start to accumulate this share if they want to have Kotak Mahindra Bank in their portfolio.
NSE:KOTAKBANK
by jatin_agarwal
24 Apr 2024– RBI bank on Kotak credit cards will create ruckus ?BankNifty Analysis - Stance Neutral ➡️ BankNifty also had a neutral day today, but the OTM options premium was so weak that I did not play expiry at all today. I frankly do not remember the last time I missed playing BN expiry day. The regular algos, which has the same logic for banknifty every day ran as usual and that is the only trade I did on BN today. NiftyIT was totally against BankNifty today, the split showing its impact on Nifty50 (in a way helping its neutral case). But looking at the price action, BN was not able to generate any momentum to go for the next levels. Even though the chart says there is further upside momentum left, the fundamentals may not really help BN this week. The news of RBI banning Kotak from issuing new credit cards broke after market hours (source). If the news came during trading hours, the BN would have expired at a different level altogether - but the news would have priced in and things would have settled. Now, we may have some push/pull for the price discovery tomorrow and it could really drive up some volatility. We would still prefer to maintain our neutral stance and go short only if 47465 is getting broken. BN algos made 28600 today and I exited the trades by 13.15.
NSE:BANKNIFTY
by viswaram
Bullish Potential: Kotak Mahindra Flag Pattern ConsolidationDetails: Asset: Kotak Mahindra Bank (KOTAKBANK) Pattern: Flag consolidation Consolidation Range: From February 2021 at 1600 to 2050 Breakout Level: Above 2150 Potential Targets: Projection based on the height of the flagpole or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: Kotak Mahindra Bank has been consolidating in a flag pattern since February 2021, with the price oscillating between 1600 and 2050. The flag pattern is characterized by a period of consolidation following a strong upward move (flagpole). A breakout above the upper boundary of the flag pattern, around 2150, could signal the continuation of the prior uptrend and potentially lead to a significant upmove. Possibilities: Continuation of Uptrend: A breakout above 2150 may indicate renewed buying interest and the continuation of the bullish trend seen prior to the consolidation phase. Projection Targets: Traders often project the potential upside move by measuring the height of the flagpole and adding it to the breakout point. This gives an estimation of the potential target levels. Increased Volume: Confirmation of the breakout with increased volume would add further validity to the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. It's essential to monitor the price action closely for confirmation of the breakout and adjust trading strategies accordingly.
NSE:KOTAKBANKLong
by CyborgTradingHub
1
KOTAK MAHINDRA BANK - Bullish Momentum with VolumesNSE: KOTAKBANK is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:KOTAKBANKLong
by BrahmaBull31
1
20 Feb ’24 — Stance revised to bullish for BankNifty ⬆️⬆️⬆️BankNifty Analysis - Stance Bullish ⬆️ Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank & SBI was not that stimulated today, even then we managed to rally hard today. Notice the blue-encircled regions where we spent time today trying to break out. The momentum from 14.03 to close was the main and the only reason we had that break through today, otherwise we would have spent the time following the resistance slope. 4mts chart On the higher timeframe, the break above the bearish channel is loud and clear. But we are below the 47465 resistance line (orange color). Since we have an expiry tomorrow and because BN attained the bullish stance today, we expect those levels to be tested and broken by tomorrow itself. Being in trading, we cannot always remain optimistic and expect things to happen our way - that's why we engineer stop losses and fix reversal levels. In case something like that happens tomorrow, we will see if the bears are keeping BN below the blue channel line - if yes, we will reverse our stance back to neutral and wait for the next trigger. 63mts chart Algo Trading Our algo trades ended today with a gain of Rs6904. We stopped the algo at 14.24 as a breakout was looking imminent. We will have to backtest it tomorrow to see if it was the right decision.
NSE:BANKNIFTYLong
by viswaram
KOTAK BANK Double Bottom Bearish view for Intraday AnalysisThis stock in 30 and 15 min timeframe create a double Top Pattern. Strong resistance at : 1918.55 Support at:1878 2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920 If price will be open below 1900 then make your entry on short side or wait for create an any bearish candle near 1900 or follow price will respect the 1900 as resistance . then make your position. MACD indicator indicate bearish divergent.
NSE:KOTAKBANKShort
by KaustavHazra
29 Jan ’24 — A flag like formation on 63mts TF - BankNiftyBankNifty Analysis - Stance Neutral ➡️ BankNifty also gets a stance upgrade - from bearish to neutral. The price action was not as beautiful as Nifty50 today. One reason would be the outlier performance by Reliance today +7%, whereas the main weightlifters for BankNifty were HDFCBK 1.38%, Kotak +3.08%, ICICBank 0.64%. 4mts chart The support/resistance of 45399 was in play today and it proved quite sticky. Although BN got to this level by 09.31 - we never had a strong breakout today. On the 4mts TF it appears we broke the resistance between 09.59 to 11.15 - but it was not strong enough as we fell back to it by 11.19. On a close-to-close basis, BankNifty gained an impressive 576pts ~ 1.28% but the charts do not signify a bullishness yet. 63mts chart The pattern formed today more or less looks like a flag formation - so the bullishness could come at any moment. BankNifty has a lot of catching up to do, so the run could get quite wild too. If the FII selling in HDFCBK has ended, it could be a good relief to the Bulls. We have changed the stance from bearish to neutral as BN has defended the 44542 support & is just above the 45399 SR. The moment we break these supports, we will go back to bearish mode. Algo Trading Our BankNifty algo trades ended today with a loss of 608 rupees per lot
NSE:BANKNIFTY
by viswaram
25 Jan ’24 — BankNifty looks, walks & talks like a BEAR, is it?BankNifty Analysis - Stance Bearish ⬇️ The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed. 4mts chart How many Analysts you know are bearish on the banks, most of them we follow are Permabulls. Seems like the criticism we are getting is obvious in the price action today. Except for the last 30mts - every other minute belonged to the bears today. When news/event breaks out - the best thing a technical analyst could do is close the position and wrap the day. 63mts chart BN got support from our marked SR level of 44542. The next level below is 44068 which is the strongest SR level in the proximity. The history of 44068 levels goes back to Dec 2022 (quite a long way back). Our stance of bearishness continues and hope Monday belongs to the bears.
NSE:BANKNIFTYShort
by viswaram
20 Jan ’24 — Will Quarterly results help the BankNifty bulls?BankNifty Analysis - Stance Bearish ⬇️ For some or the other reason, the 4mts & 63mts charts are not visible on TradingView. It may be due to this unscheduled working day and they might be facing issues with data feeds from vendors. We had a bearish view yesterday also and despite BN ending the day today with 357pts ~ 0.78% we are still maintaining the bearish stance. 16mts chart A shallow support and resistance zone has formed between 45609 and 46025. The first critical support is unchanged at 45399 and the critical resistance at 47465. BankNifty was single-handedly responsible for limiting the losses on Nifty today - so we need to give due credit for that. But take a look at the chart - The fall from 48000+ levels did not just come because HDFCBK had poor results, it may be unwinding by FIIs considering the fiscal policy changes or reforms expectations for Budget 2024. So even if we have super duper results like the KOTAKs and ICICIs - we may not scale up that quickly. Honestly, we prefer if BN could reclaim the ATHs and support Nifty to crawl back into the channel. The US market hit a new ATH yesterday - SPX and the mood is euphoric.
NSE:BANKNIFTYShort
by viswaram
20 Jan ’24 — Probably the first working Saturday for a TraderNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The last 3 candles almost gave away the clue that bearishness was ending. We would still like to see how Nifty will open tomorrow. Ideally, it should open above 21698 i.e. within the channel to cement the idea that Bears are thrown out of control.” 4mts chart Open was right at the trendline and it acted as a resistance. Nifty was unable to breach it and it meant we would have either a flat or negative day. A lot of interesting things happened today. NiftyIT moved down and ended with -371pts ~ 1.00%. Most of them would not have noticed IT falling. The banks outperformed today, Kotak +2.41%, AUBANK +2.32%, CANBK +2.22%, PNB +2.74% & ICICI +0.95%. If not for these, Nifty would have had a serious fall today Nifty’s low today was lower than yesterday’s low and it has closed the gap from 18th Jan. The OTMs of both Nifty and BankNifty were trading in green and sometimes had unusual spikes often seen during low liquidity. Despite the quick announcement to have a working day today - the actual traded volumes or contracts were not that bad either. Initially, we thought DII and FII would not participate, but they ended up selling 719 & 545 crores today 63mts chart Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this. From a technical analysis perspective, Nifty looks range bound between 21913 and 21491. Falling below 21491 could auto-trigger further shorts and it could even be an avalanche. Our stance remains neutral for Tuesday, also note that Monday will be a holiday for the consecration of Ram Mandir in Ayodhya.
NSE:NIFTY
by viswaram
KOTAKBANK | Swing Trade📊 DETAILS Sector: Bank - Private Mkt Cap: 369,780 cr 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. TTM PE : 21.53 (Low PE) Sector PE : 25.39 Beta : 0.91 📚 INSIGHTS MC Insights PRO Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 9.88% away from 52 week high Underperformer - Kotak Mahindra Bank up by 6.58% v/s NIFTY 50 up by 7.76% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:KOTAKBANKLong
by Munish_Jain
2
17 Jan ’24 — BankNifty & Nifty are both bearish now - Consensus BankNifty Weekly Analysis Between the last expiry and today, BankNifty has fallen 1274 points ~ -2.69%. It may not look so dangerous, but keep in mind we had a swing range of 2328pts ~ 4.82% between the high to the low of the week. Of these 2328pts, 2060pts ~ 88.4% came just today. 16mts chart BankNifty Analysis - Stance Bearish ⬇️ We opened 1423pts ~ -2.96% gap down today. The first 2 candles were green showing some fightback to reclaim the 47465 S/R which we just broke. BankNifty’s support break was the major highlight anyway - It was right below the bullish trend line and above the bearish trend line yesterday. The breakdown from there was the real impact. 4mts chart The option prices were absolutely crazy, especially on the CALL side. The premiums remained elevated right till 15.00. The PUT options on the other hand (far OTM) had given up the premiums even though it had some unusual surge in the opening minutes. Most of the traders would not have capitalized on the premium spike as by the time they punched the orders, the premium would have evaporated. 63mts chart The price action today paves the way for further downward action. Primarily both Nifty and BankNifty are in the same stance (bearish) and secondly, N50 has just violated the ascending channel whereas BN steered clear on 1st Jan. The biggest issue is that the next support comes at 45399 followed by 44542 and both indicate steep cuts.
NSE:BANKNIFTYShort
by viswaram
03 Jan ’24 — BankNifty holds the line today, Bears still around.BankNifty Weekly Expiry Analysis BN just fell 742pts ~ 1.53% between the last expiry and today, logically it got only 4 working days as the last expiry was on a Thursday. A 742pts move is nothing considering the shape BN is currently in. Since the stance is now bearish, we are hoping for a build-up in the momentum soon. 63mts chart link BankNifty Today Analysis - Stance Bearish ⬇️ So both BN and N50 have the same stance of “bearish” now. Usually, when the directional bias is the same for both these indices, we expect the markets to cover some ground quickly. 4mts chart link Except for the opening candle, BN had a pretty boring day otherwise. BN was keeping the losses under control on Nifty. And the banks ICICIBANK, AXISBANK & KOTAKBANK were trending in the opposite direction of HDFCBANK. Yesterday it was the real opposite - HDFC was staying cool while the others were dropping. The expiry was meaningful today with frequent surges of volatility swinging the strike premiums. Even though BN managed to tread above water for some time, there were no visible signs of a bullish recovery. 16mts chart link We are quite safely away from the channel now. To renter it, BN will have to rise to 48600+ tomorrow. If it doesn't, then it's in the bear’s control. We continue to look for shorting opportunities with the first target as 47006.
NSE:BANKNIFTYShort
by viswaram
26th Dec ’23 - BankNifty stance changed to neutral, IV going upBankNifty Analysis Was quite surprised to see BankNifty following the ascending channel’s bottom trendline with a near correlation. Only for a brief period, we traded in RED, once BN pulled itself above water - it was able to hold its level quite strongly. 4mts chart link - click here KOTAKBANK, AXISBANK, and HDFCBANK were trading in green giving BN a much-needed green cushion. Even then there was no strong bullish momentum today - it was just that the bears did not have any control today. 63mts chart link - click here On the higher timeframe, BN is still inside the ascending channel. The bears are unable to exert any pressure post 20th December. Since BN is not ceding ground, I have to change my status from bearish to neutral for tomorrow. This week BankNifty and Nifty are expiring together on Thursday, which means we have no instruments expiring tomorrow 27th Dec. India VIX rose 7.08% today almost touching the 15 levels. Looks like VIX is creating an interim bottom. My EMA’s will show a golden crossover in 2 days if we continue the rising trend. After the news broke out about the drone attack on 2 vessels carrying Indian nationals - I seriously thought we would have a negative reaction today. Seems like the markets were not at all bothered. My next question is, will the market react to this news tomorrow? - “blast outside the Israel embassy in Delhi” VIX 1D chart - click here
NSE:BANKNIFTY
by viswaram