Buy KOTAKBANK above 1011 T1: 1030 T2: 1065 T3: 1090 SL: 987
KOTAKBANK brokeout of the channel , and is retesting the same. A few support/ resistance levels on the way.
hi, explained in the charts
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern. It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...
hi, explained in the charts
KOTAKBANK is moving in a channel, Completing a Cypher and BAT. Entering Breakout / REversal Zone
Notes on the chart. Hit like if this analysis is informative. Comments are welcomed. Trade safe. Best Regards Bravetotrade
Kotakbank formed ABC pattern and now breakdown down side range so C line target is 900 as there resistance level at 973
KOTAKBANK is in the critical support /resistance yellow zone. Watch out for a breakout or reversal. Sup/Res Lines are aligned with the Fib retracement levels.
The stock is showing continuous divergence and looks ready to retrace from current level. One can short the stock with small Stop Loss and keep the initial target double the risk involved.
Kotak Manidra Bank closed at trend line resistance and formed a shooting star pattern indicating downside in the stock to channel support around 851.
Buying kotak bank because of price is at rsi oversold area on daily chart and strong bullish candlestick marubozu type formation with good volume,weekly chart is also at rsi support zone and target is based on Fibonacci Stoploss - 690 Target 1 - 747.45 Target 2 - 781.31
Kotak Mahidnra Bank after breaking the up trend turned bearish but it closed on the edge of falling wedge resistance. it seems, it may breakout upward direction as it has also retraced 38% of fibo level so two combined analysis signs the potential upside movement. traders may enter long only after the breakout upside of it may further retest the support 738 before...
On hourly chart, it is been observed that the price action forms bearish Pin-Bar pattern that indicates rejection of higher prices and weakness. It also states that there is high selling pressure from sellers that shall take the price down. It is also important to note that there is a GAP on hourly chart that shall be filled during the weakness. Therefore, it will...
It is interesting to watch the price action forming a leading triangle as it can represent a new Wave 1 after a all time high breakout. This chart pattern is generally known as continuation trend pattern and subdivides wave structure in 3-3-3-3-3-3 that indicates consolidation between buyers and seller to move prices. The breakout from here on will define trend...