KOTAKBANK
Kotak Bank Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
Kotak - Short candidate for next weekIt has formed a Gravestone Doji pattern in weekly chart, which is a sign of reversal. Plus it's recent up move was too steep to continue at same slope. It's going to take support back at the daily trend line. The high of 19th Dec was not supported by RSI and it has turned downward.
Target - 1648 for next week
KOTAK MAHINDRA BANK (KOTAKBANK) HAS TOPPEDI think KOTAKBANK has topped in a medium term. There are many things aligning up and all say that KOTAKBANK's top is in.
The RSI has divergence, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
CMP: 1692.7
Stop loss: 1746
DATE: DECEMBER 22, 2019
Your trades are your own sound decision. I'm not responsible for them.
Kotak Mahindra Bank - ShortDear Traders,
Kotak Bank is forming hanging man pattern in the 4 hr chart and it confirms with second bear candle for the target of 1630 which is at the short term demand zone and there after it starts consolidating between the current levels for few weeks.
Thank you
Deepak
Does Kotak Mahindra at Support?After reaching at the levels of 1630 Kotak Mahindra has consolidated back to its level of 1561. And this is the third time it is following the same pattern.
With an Stop Loss of 1520. Kotak is again trying to reach or even might break its level of 1630 in coming days.
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