Kotak Bank is forming an Flag & Pole Pattern.
Wait for breakout from 2000 level if safe investor (35%+ Gain).
Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain).
#Current Price - 1730-1740
#Expected Target - 2700
#Stoploss - 1650
Pattern is forming on weekly chart.
This idea is only for education purpose, Please...
Kotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade.
For entry, it is recommended to go long after close of strong bullish candle near support zone.
To minimize risk, a stop loss should be placed below the support zone, with some buffer to...
After a 5-waves up stock has corrected to 50%-61.8% Fibonacci retracement level and bounced back forming HH HL. Considering the rise as wave-1 and the fall as wave-2 , the current bounce is suggesting that stock is unfolding it's 3rd wave which shall take the prices towards 2230-50 zone in the coming weeks.
Buy near 1970 , SL: 1830 TGT: 2230-50/ 2480
Kotak Bank is currently approaching a crucial support zone on the daily timeframe chart. This presents a potentially good opportunity for a swing trade.
For entry, it is recommended to go long on the open of the next candle.
To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss...
NSE:KOTAKBANK KOTAK BANK is standing near weekly selling zone, if breaks the current fresh supportzone, we might see some correction till previous resistance of 1765,
if current selling zone is breached, then kotak can be held till maximum target as it keep breaking and retesting next selling zones for upmove.
respect the zones and always enter at retest if...
NSE:KOTAKBANK kotakbank seems very bullish on major timeframe and can blast in coming weeks upside once it gives closing /stables above current resistance og 1761/1765 on daily timeframe.
current support zone are 1753/1750 and 1743/1738.
if we breach 1738 downside then we will have to wait and see plan the next plan of action accordingly.
NSE:KOTAKBANK KOTAK BANK is bearish on major tf, should be going down to touch the target level zone, if breaks above 1713, wait for retest and then only go long for above marked target zone with strict risk management.
#kotakbank 1710 big resistance is break
last 1-Day 16.16% changing open interest
last 5-Day 10.58% changing open interest
buy #kotakbank at 1710-1713
place stoploss at 1700
first target at 1740-1743
second target at 1755-1760
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.