Kotakbankreversal
KOTAK BANK TO HIT 2000 ZONE COMING IN WEEKS?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 zone is breached. stoploss should be the lowest level of the zone marked.
KOTAKBANK Fresh BreakoutKotak 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 Stock with huge volume.
Kotakbank in a descending triangle pattern.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 double confirmation break out.
Swing and intraday trades can be initiated in the stock.
KotakBank LongI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
3 hours ago
Simple Trade Setup|KOTAKBANK|24-08-2021|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 Divergence.
Please refer Chart below: 15 min time frame.
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Trade Setup for Date 24-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
KOTAK BANK WAKING UP | BUY ON RETESTThe 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
KOTAKBANK to bounce back? | CHART#17Kotak 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 Other Banking Business.
*Stock Analysis*
1. Kotak Mahindra Bank witnessed a decline in price after reaching its all time high.
2. Prices are consolidating to 1700 levels which is a good entry point for the stock as the stock was trading at that levels during pre-COVID times.
3. Kotak Mahindra Bank is a fundamentally good company which is consistently making highest ever profits, but the share price is not trading at the highest ever price. This mismatch will be corrected soon.
4. Technically Kotak Bank is making a triangle-pattern with base at 1700 level.
5. Stock price is below 200,50,20 Moving averages which can be used for taking entry.
6. Good Entry point for long term investors also.
*Important Levels to Watch*
-- Entry @ Current Market Price ( 1700 range)
-- Target @ 1803 | 1889
-- SL @ 1640
Notes :
Better to hold on to the stock as the rebound can happen any time!!
▢ Feel free to suggest your view on this as learning is earning here.
▢ Drop a follow here😉 @GokulHari
Good Luck Investors❗
-- GokulHari
❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
KOTAK BANK | TRADE SETUP for 26-07-2021NSE:KOTAKBANK
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 hold above 1720 and trade above it then there will be easy trade on buy side and targets are marked on the chart.
2) If it open with gap up then wait 15-20 min to get it cool down and if you see in this 15-20 min going down to take support from 1720 range or even from 1700 range and it makes the hammer candle in this range then it will be the sign of reversal of trend and it will give bullish trade.
3) If it open with gap down then wait 15-20min and if you see in this time if it breaks 1720 range and trade above it then this will be sign of the uptrend but a green candle need to be closed above 1720. But if it faces resistance then it will again consolidate in 20point range from 1700-1720 and then we can just wait for the levels to reach take trade on either side.
3) Short trade can be only made below 1690 level. Target for short/sell trade already mentioned on chart.
Kotak bank - Triangle breakout🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
KOTAKBANK Ready For UpmoveKOTAKBANK
Buy- Above 1850
SL- 1790
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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KotakBank Long BreakoutI 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 .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.