KOTAKBANK
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.
Kotak Bank Long Trade For 03-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
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50% Fibonacci retracement is a must!
Below the levels of 11800 is the bulls zone.
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Kotak Bank: Good FIBO patternThe chart shows how Kotak Bank is following the levels of FIBO beautifully. Currently, it is trading at a 50% FIBO level from where if it takes support then it can retest the earlier 32% Zone. If it does not then it will hunt for the 1820 level which is 61.8% level. This zone becomes a very attractive valuation for Kotak Bank.
All Levels are mentioned on the chart.
DISC: For educational purposes only.
Kotak Bank - Head and Shoulder Breakout Kotak Mahindra Bank making a Head & Shoulder Pattern, closed on a very critical support level i.e. 1939.
Can give a good breakout if Bank Nifty Breaks tomorrow and the market sentiments act negative.
Have given both the levels for buy and sell. If it takes support from the line of support tomorrow also for 15-20 mins go long.
If the support level is broken and starts acting as resistance go short.
Please let me know your suggestions as well.
Thanks & Regards
Hritik Kaushik
FLAG AND POLE PATTERN IN KOTAKBANKA bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
FOR EDUCATION PURPOSE ONLY.
Kotak Bank | Flag & Head and Shoulder Pattern 🎯⭕ Swing Trading opportunity ! 2hrs Chart Alert !!!⭕
--Buy Above = 1872.85 or CMP
--Target = 1898 | 1941 | 1970
--Stop-loss = 1847
--R:R =3.8
--Lot size = 400
--Expected Profit =30,000 (5% )
--Expected Holding = 15 days only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Downward Trendline Breakout & retested
2) Flag Pattern can be seen Clearly
3) Head & Shoulder Pattern formation as well
4) volume is OK
5) Targets is based on the S&R zones as shown in the charts
👇👇HEAD & SHOULDER PATTERN 👇👇
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