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KOTAKBANK

Kotak Bank- Curve Fitting ?Kotak Bank has been forming a curvy trading range near life time high. RSI is continuously drifting downward. Once it broke resistance line but same was not confirmed on the curvy resistance line. Counter requires close above 1510 to come out of the range zone . It is trading below both 10 & 20 DEMA. Volume has almost dried up in the whole curvier trading zone which signifies lack of activity from both buyers an sellers.It broken this range one time but again fell back within the range. Is it a distribution at higher range? It will be know once market gives close below 1400 on daily basis. Trader can sell on rise near 1480-84 (20 DEMA) with stop loss above 1510 for lower target of 1400 (support line + curvy line support).
NSE:KOTAKBANKShort
by UnknownUnicorn4260559
Bank Nifty ATH: Soon to be witnessedNifty made an All Time High (ATH) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH. According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how. Well the set up seems to be quite robust, given the uptrend in various individual Banks, I have posted the charts for each individual Bank as well. Well HDFC Bank is also in a clear uptrend, though a clear pattern couldn't be spotted (on hourly basis), hence I did not put that chart here. P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.
NSE:BANKNIFTYLong
by Nikita_Poojary