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Kotakbankbearish

KOTAK BANK Double Bottom Bearish view for Intraday AnalysisThis stock in 30 and 15 min timeframe create a double Top Pattern. Strong resistance at : 1918.55 Support at:1878 2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920 If price will be open below 1900 then make your entry on short side or wait for create an any bearish candle near 1900 or follow price will respect the 1900 as resistance . then make your position. MACD indicator indicate bearish divergent.
NSE:KOTAKBANKShort
by KaustavHazra
Kotak Mahindra Bank - Head & Shoulders Neckline Breakdown Kotak Mahindra - Daily Chart Pattern - Head & Shoulders Neckline breakdown Lower bollinger band is challenged and the price candle is extending below it MACD below the zero line of the histogram Solid red bars below the zero line in the histogram RSI is below 40 and in oversold zone Stochastic is in negative crossover state ADX is above 15 with -DI > +DI 5 EMA < 13 EMA Even the weekly chart has indicators and oscillators indicating price is poised to go down
NSE:KOTAKBANK
by Dhiraj_Ahuja
Kotak Bank: Possible Top Formation (Medium Term) 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 also confirms divergence. If shorted after neck line break, Rs 829/- should act as a support, which also coincides with key Fibonacci ratio 0.618. Possible downside is about ~16.79% to 829/- rs from the present price of 992/- rs
NSE:KOTAKBANKShort
by SunnyPawar
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