KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence.
Entry
We can go long after close of strong bullish candle near 2nd bottom.
Target
Target 1 - will be the next resistance as marked on chart.
Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone.
Stoploss
We can keep stoploss below the double bottom support zone.
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KOTAKBANK
Bounce from Key Support - Upmove?There seems to be strong demand zone both trendline wise and horizontally at 1630 levels, and an immediate target of 1980 seems a probably case ~ 12% move from here.
Good bounce from RSI 30 region in weekly, and MACD seems to be crossing bullish as well. The share seems to be priced on the lower end of the 10 year spectrum using PB ratio and PE ratios.
Not an investment recommendation, just for research purpose.
Thanks for reading :)
Kotak Bank Sell Positions* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Kotak Mahindra Bank Level's
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4Hr Inverse Cup and Handle Breakdown.
Smaller TF SMC Selling Area make double top and making HL-HL Pattern
(Support Breakdown Level) Resistance-- 1761/1778
(Target) Support --1133/1063
Trade : Sell at 1761 SL 1780 (~ 19 Points SL)
Target will be 1711 (~ 50 Points)/1661 (~ 101 Points)
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Trading_Cafe24
Thank you :)
Harmonic Pattern on Kotak BankA clear harmonic pattern has formed on DTF on Kotak Bank. The buy, Target and SL Levels are as mentioned below
XD - 78.6 - 88.6 level - Great level to buy.
Targets:
1st Target - Level B
2nd Target - Level A
3rd Target - Level c
SL - 1600
Leave a comment on any suggestions or feedback and happy to discuss the same.
TECHNICAL PICK KOTAK BANKKotak bank is consolidating in a parallel channel pattern in 15 minute chart time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
kotak mahindra bank swing trade idea follow formore banknifty kotak mahindra bank swing trade idea follow for more banknifty
just for educational purpose
Reason Type 2 Uptrend Pattern,
RSI Divergence Confirmation
Educational Only
note a buy sell advice i am also a Lerner as only 5 years experience in this field
KOTAKBANK - ConvergenceCurrently, KOTAK BANK Daily 20 SMA, 40 SMA, 100 SMA, 150 SMA, and 200 SMA are trading within 3% range.
Today's volume is the lowest in the past 6 months.
Today closed with Bullish Engulfing.
Currently Close is below Daily and Weekly 20 SMA.
Also As we can see Cipher Harmonic pattern formation on Dailly's time frame.
If crosses and sustains above 1854 levels -- we can see strong upside momentum.
Add to the watch list.
Cup and Handle PatternA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.It is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Script = Kotak bank
Time frame = 1Day
Kotak Bank Swing Targets/Short Term ViewThe FASP for Kotak Bank Short term view is listed for 30-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.