1st Extension of Resistance 43850-44000 2nd Extension of resistance 44550-44700
1st Extension of Resistance 43850-44000 2nd Extension of resistance 44550-44700
NSE:KOTAKBANK seems to be trading in wedge pattern on daily timeframe if happens to break trendline of wedge in downside, may show a fall till second support, first support (1670 zone) is at the bottom trendline of the wedge patterm from where kotak bank may move upside again if carries on the move inside wedge pattern
1st Extension of Resistance 43850-44000 2nd Extension of resistance 44550-44700
1st Extension of Resistance 43850-44000 2nd Extension of resistance 44550-44700
Strong resistance 43,450 - 43,650... fail the level and price close above the level if tomorrow market open gap up then we can see next strong resistance at 44,550 - 44,700
Strong resistance 43,450 - 43,650... At resistance take a trade for Sell side till next strong support comes.. Strong support 39,700 - 38,500...
NSE:KOTAKBANK can show 1715 levels soon. It does not seem to be sustaining the current levels.
If trigger line crosses over 54.70, it may reach to 64.64, 20 to 25 Rs in cash. If trigger line crosses below 47.20, it may reach to 35.26, 26 to 35 Rs in cash.
Strong resistance 43,450 - 43,650 At resistance take a trade for Sell side till next strong support comes.. Strong support 39,700 - 38,500...
#Kotakbank #Trending #trading #StockMarketindia ▪️Kotak bank came to its consolidation support zone 1686-1625 levels one should wait for good Entry. ▪️If this levels breaks it will go next support near 1400 Levels.
Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market... Next Strong support 39,700 - 38,500...
Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market... Next Strong support 39,700 - 38,500...
Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market... 31/10/2023 opening price is 43,4356 And market fall more than 500 point from resistance level..
Market Break the strong support of 43,650-43,350 now support become a strong resistance. We are enter in bear market...
BankNifty Analysis BankNifty also had a similar chart pattern as of Nifty50. A gap-up open of 345pts ~ 0.78% and then a steady period till 13.20. Fell 208pts ~ 0.47% in 50mts and then recovered for close. HDFCBK did quite well even after the declaration of the results. The gap-up on hdfcbank was the main reason both Nifty and BankNifty had an unusual start. In...
On the daily timeframe chart of Kotak Bank, a noteworthy observation can be made. While the price has been forming lower lows, the Relative Strength Index (RSI) is displaying a pattern of lower highs. This development indicates a bullish divergence on the RSI, which presents a potential opportunity for a swing trade. Entry: To capitalize on this bullish...
Kotak Bank is forming an Flag & Pole Pattern. Wait for breakout from 2000 level if safe investor (35%+ Gain). Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain). #Current Price - 1730-1740 #Expected Target - 2700 #Stoploss - 1650 Pattern is forming on weekly chart. Disclaimer: This idea is only for education purpose, Please...