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...
Kotak Bank on the Daily chart is on the verge of breakout, I am Entering into Long Position in KOTAKBANK future Around 1870 For the Targets of 1990 and Stoploss below 1815 (Time Horizon 15 Days)
Reason To Buy Kotak Bank:
# Stock Today Crosses 200 Days EMA.
# Falling Wedge Pattern Breakout Seen.
# Banking Sector Trading in Strong Momentum.
# Frontline Blue Chip...
Kotak mahindra bank has been consolidating for 3 months.
The bank is due for its quaterly results and a break out.
The stock has respected its 20 ema on daily time frame.
If the stock breaks out of the consolidation zone it can give nice long targets.
Support :- 1700, 1577
Resistance :- 1820-25, 1964
Wait for the entry above the level of 1820-25 as it will be...
KotakBank looking good buy if sustains above 1732 for the upper marked targets. You can cook maximum qty around 1st Target or 1830 as trendline will act as a resistance.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
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...
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.
InvestPro India Team
Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance_Sheet_Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance_ and...
On, 19-07-2021 and 20-07-2021, it was making lower lows, while RSI on that was making higher lows. This will be the bullish divergence.
I have marked this bullish divergence with orange line.
Now If you see the price action it has formed double bottom and it closed above critical range of 1718-1720.
Trade plan for 26-07-2021
1) If it able to...
***** 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...
Buy- Above 1850
Target - 1900 1960 2000 2040
Stock has potential to go till 2200 in short to mid term.
Below 1670 is a good short candidate.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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