Kotak bank has closed just above the support level of 1700-15 On a daily time frame, a doji candle is formed. Wait for the price action to form a pattern near the levels Support:- 1700, 1550 Resistance:- 1825, 1960 Kotak bank can become a swing trade if the trend is final.
Kotak Bank Intraday , follow levels and trade, avoid trading in big gap up or gap down.
Kindly 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. Thanks & Regards
Kotak Bank already gives an breakout of cup and handle pattern if it breaks trendline resistance then we can see target of 1920
Description : Kotak Bank at lower levels following trendline area support and at resistance zone now. if it breaks on upside more bullish it will become. Support Area : Support at 1800-1830 and 1640-1690 Resistance Area : Resistance at 1950-1980 if broke above it then 2100 and 2300 Zone to watch for.
I hope you can now see how KotakBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
NSE:KOTAKBANK Observations: 1) On 1day time frame, since last 3 days it has been trading around 200DMA. Yesterday, it gave breakout of 200DMA and today it managed to take support from 200DMA and close just above 200DMA. 200DMA is major support at this moment. If it gives breakdown of 200DMA then it will be bearish again. 100DMA will be immediate...
NSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 . At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move...
NSE:KOTAKBANK #Kotakbank descending triangle formed and ready to BO Ping me personally for levels.
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Kotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes. The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB. So there is a lot fuel left for the rally which could lift the Bank...
Kotak Mahindra Bank is given Breakout one can go long with small stoploss
Go long on Kotak Bank for a good intraday target, wait for the stock to retest from the trendline or the 200 EMA of 15min time frame. Enter when you see a good bullish candle with a high volume.
NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it took support and bounce from 21DMA. Please refer below chart : 1day Time Frame. 2) On 1day time frame, major resistance is at 2050 to 2054 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 20-10-2021: Most of...
After a rally , there is a consolidation going on which is the best way to take positional trade when it comes near support
NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it sustain and tested 21 DMA and took support from it. 21DMA is placed at 1995.78 level. Also another critical level is 2000 level. So range of 1995 to 2000 will work as critical support zone. Please refer below chart : 1day Time Frame. ------------------------------------- Trade...
Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are – 1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1. 2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one. 3. Wave 4 never intervene into...