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.
Kotakbanklevels
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.
KOTAKBANK - Intraday setupKindly refer the chart
Buy at/above 1827.56
Target 1 1837.35
Target 2 1848.08
Target 3 1858.84
Target 4 1869.63
Target 5 1880.45
Trade details are for educational purpose, kindly refer to your financial advisor before initiating any trades.
Feedback welcome.
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