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KOTAKBANK

17th Oct ’23 - BankNifty still neutral till 44650 - PostMortemBankNifty 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 fact HDFCBANK had a similar chart as that of BN as well as N50, except for the period 13.20 to 14.10 wherein HDFCBK fell only 0.38%. The fall in Kotak, ICICI, AXIS were quite strong in that period - is it telling us something? Yesterday also we decided to go with a neutral stance, today we are sticking by that again. Despite the gap-up today we were not able to break through the 44650 zone i.e. above the double top level. For bullish momentum to pick up, the only thing BN has to do is negate the double-top zone. If we are falling, the level to watch out for is 44068.
NSE:BANKNIFTY
by viswaram
Kotak Bank RSI Bullish DivergenceOn 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 divergence, it is advisable to consider initiating a long position after the opening of the next candle. This will allow for confirmation of the divergence pattern and potentially capture any subsequent upward movement in the stock's price. Stop Loss: To manage risk effectively, it is recommended to place the stop loss below the previous swing low, taking into account a suitable buffer. This precautionary measure ensures protection against unexpected price declines and helps to preserve capital in the event that the trade does not unfold as anticipated. Targets: For this swing trade setup, two distinct target levels are identified on the chart, referred to as Target 1 and Target 2. These targets correspond to the next resistance levels that the stock may encounter during its potential upward movement. Traders may consider taking profits or adjusting their positions accordingly upon reaching these predefined targets. Remember to like this post and consider following for future updates.
NSE:KOTAKBANKLong
by vt_trader
2
KOTAKBANK is forming an Flag & Pole PatternKotak 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 consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
NSE:KOTAKBANKLong
by paras0408
UNIONBANKWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:UNIONBANKLong
by Rvkachhadiya
KotakBank consolidating from one year will it give Breakout ? KotakBank consolidating from Dec 2021 to Nov 2022 The range of consolidation is 1625 to 1975, Bank Nifty moved in range of 10000 to 12000 point in last one year. Bank Nifty moved 10000 point since Jun 2022. The move lead by ICICI Bank, Axis Bank, SBI , HDFC Bank and Along with PSU BANK Kotak Bank and Indusind Bank has not moved in rally, So when Index start correcting I expect Kotak Bank and Indusind Bank will help fall of bank nifty. Buy Kotak Bank Above 1980 Target1 2040 Target2 2100 Target3 2200 SL 1880 Consolidating in zone Tested zone of 1950-2000 more than 8 times so if gives breakout that will healthy breakout. Global cue should support market direction
NSE:KOTAKBANK
by pramodchoudhari
Karur Vysya: FlaG BOA bullish flag breakout has been confirmed on the weekly chart of NSE:KARURVYSYA . One can crete a fresh position at around 130 with a stop loss oof Rs. 120 fopr ther targets of rs 140/150/160......Enjoy the Moneyrain guys...... Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:KARURVYSYALong
by raigvivek
Kotak Bank Near Support ZoneKotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade. Entry: For entry, it is recommended to go long after close of strong bullish candle near support zone. Stoploss: To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting. Target: As for the target, it is advised to aim for the next resistance level as indicated on the chart. Thank you for considering this analysis, and feel free to follow for more insights.
NSE:KOTAKBANKLong
by vt_trader
6
25 Jul ’23 Post Mortem on BankNifty - Start of a bearish trend?Banknifty’s movement today has given a slight hope for the bears to sharpen their claws. Primarily it breached the 45850-45830 levels thrice today in the 5mts candle. I did mention in the report yesterday that I wish to go short if the 45830 levels are taken out. The reversal of 308pts from 13.40 to 14.55 would have tested the bear’s conviction level, but the price action if read as a whole is much more encouraging. In fact banknifty fell 1.15% ~ 532pts and the recovery was only 0.68%~ 308pts (A bit less than the 61.8% Fibonacci levels). Whereas Nifty50 and FinNifty recovered almost 90%. Nifty was already in a bearish trend, so the move on banknifty is definitely suggesting further reinforcements towards the south direction. HDFCBK was putting up a rocky vs apollo creed fight today, untiring & unbeatable. This lone wolf was responsible for preventing deep cuts. ICICI Bank was toggling between green and red and finally settled in green. Axis bank had a good recovery in the 13.40 to 14.55 period - but still ended in red. And Kotak was just continuing from the trend yesterday. I would prefer to go short on banknifty unless the 46000 level is taken out with momentum. ... Please comment with your feedback & suggestions - I will use that to improve my services! viswaram. com
NSE:BANKNIFTYShort
by viswaram
2