KOTAK BANK is in the NICE Bearish LEG. .
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 22-Oct-2018 for KOTAKBANK Buy Above(5Min candle close): 1201.9 for targets - T1: 1210.9 T2: 1216.3 T3: 1222 SL: 1192.3 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
KOTAKBANK has given good breakout. Entry and Target can be as shown in the chart.
KOTAKBANK taking small stop at a small bump. awaiting a breakdown or reversal
Kotak has been in a bearish trend lately and after the recent bounce i think the time is ripe now it to continue its move lower. The price has moved lower from days high and formed a lower top. RSI has moved out of near overbought zones!
kotak bank good for positional ( hold for 10-15 days) current price 1257 1st target 1275 2nd target 1292 3rd target 1215 stoploss 1242 kotak bank 1300 ce @11.70 stoploss spot price @ 1242
kotakbank is making a head and shoulders pattern.awaiting a breakdown/ Reversal
Hi All , Following is strategy : Buy Sep 1300 call @ 38 , 1 lot Buy Aug 1280 put @ 21.5 , 1 lot Sell Aug 1360 call @ 9 ,1 lot Target as shown on chart , We will take a decision on above strategy when target is reached Execute folks . Execute P.S consult your financial adviser before taking trade , options are risky
As you all know pair trading is market neutral study. Great breakdown seen in hdfcbank/kotak bank chart and now pull back and rejection from its 50% retracement level
Notes on the chart Regards
Kotak Bank has been moving in a channel, making lifetime highs every few months. Currently testing the upper edge. Awaiting a breakout or reversal.
NSE:KOTAKBANK printed a bearish pinbar which shows profit booking at its all time high.... looks like it will retrace before breaking its high......So i will Go short around 1125 tomorrow......Contra trend trade..not for faint hearts ;).