NSE:KOTAKBANK
Observations:
1) On daily time frame,it closed and sustain above 10DMA
10DMA is placed at 2077.23 level.
Immediate support is 2080 level.
Immediate major support is 2050 level.
Immediate resistance is at 2100.
Major breakout level is at 2125 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, it has been taking...
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.
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Trade Setup for Date 20-10-2021:
Most of...
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.
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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...
NSE:KOTAKBANK
Observations:
1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence.
Please refer below chart.
2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which can work as hidden bullish divergence....
NSE:KOTAKBANK
Observations:
1) On 1 hour time frame we can see it made higher low, while RSI made lower low. This can be act as hidden bullish divergence.
Please refer Chart below: 1 hour time frame.
2) On 15min Time frame, we can see it made almost flat lows in price action, while RSI is making higher lows. This can be act as Exagerrated Bullish...
The stock was in the bearish territory for a long and we have seen the breakout, you can buy if we see the restest zone around 1720-1680 for the marked upper targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
KOTAK BANK SEEMS GOOD TO BUY ABOVE 1758, TARGET 1 >> 1782.50, TARGET 2 >> 1796.50, TARGET 3>> 1814.50, WITH STOPLOS OF 1743 (IF 15 MIN CANDLE CLOSE BELOW)
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
KOTAK BANK BUY ABOVE 1820 on closing basis
SL 1696
POSITIONAL TARGETS: 1840, 1860, 1890, 1920, 1960, 1995, 2025
Posting for Educational purpose only
Closing Basis means stock need to trade above 1820 between 3:25 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
FOR INTRADAY
If candle closes above 1815 buy
Target - 1825
If candle closes below 1808 sell
Target - 1793 /1788
FOR SWING
If candle closes above 1830 buy
Target - 1904/190/1940/1970
If candle closes below 1787 sell
Target - 1773/1756
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered...
![KOTAKBANK: Simple Trade Setup | KOTAK BANK | 17-11-2021 [ INTRADAY]](https://s3.tradingview.com/h/h2UsmeBu_mid.png "Simple Trade Setup | KOTAK BANK | 17-11-2021 [ INTRADAY]")
![KOTAKBANK: Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]](https://s3.tradingview.com/g/gFdUASr7_mid.png "Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]")
![KOTAKBANK: Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]](https://s3.tradingview.com/s/sPXF39fp_mid.png "Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]")
