Kotak Bank - SidewaysStock stuck between strong supply n demand zone now
1910-20 will act as current n strong resistance area
1870-80 will act as a strong support area as of now
Stock may remain in the zone for the time being before braking out
Excellent opportunity for straddle players at the moment as even time n premiums are in favour
break above 1930 or below 1960 will negate the trade
Kotakbanktechnicalchart
Bullish Potential: Kotak Mahindra Flag Pattern ConsolidationDetails:
Asset: Kotak Mahindra Bank (KOTAKBANK)
Pattern: Flag consolidation
Consolidation Range: From February 2021 at 1600 to 2050
Breakout Level: Above 2150
Potential Targets: Projection based on the height of the flagpole or next significant resistance levels
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Kotak Mahindra Bank has been consolidating in a flag pattern since February 2021, with the price oscillating between 1600 and 2050. The flag pattern is characterized by a period of consolidation following a strong upward move (flagpole). A breakout above the upper boundary of the flag pattern, around 2150, could signal the continuation of the prior uptrend and potentially lead to a significant upmove.
Possibilities:
Continuation of Uptrend: A breakout above 2150 may indicate renewed buying interest and the continuation of the bullish trend seen prior to the consolidation phase.
Projection Targets: Traders often project the potential upside move by measuring the height of the flagpole and adding it to the breakout point. This gives an estimation of the potential target levels.
Increased Volume: Confirmation of the breakout with increased volume would add further validity to the bullish scenario.
Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement.
It's essential to monitor the price action closely for confirmation of the breakout and adjust trading strategies accordingly.
KOTAK BANK Double Bottom Bearish view for Intraday AnalysisThis stock in 30 and 15 min timeframe create a double Top Pattern.
Strong resistance at : 1918.55
Support at:1878
2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920
If price will be open below 1900 then make your entry on short side or wait for create an any bearish candle near 1900 or follow price will respect the 1900 as resistance . then make your position.
MACD indicator indicate bearish divergent.
KOTAK BANK: SYMMETRICAL TRIANGLEStock is under formation of a symmetrical triangle pattern. Stock is holding above it's 200 EMA on the weekly chart. A sustained closed above 2060 will be considered as a confirmed breakout of the pattern which shall take the prices towards 2800 zone in the coming months.
KOTAKBANK INTRADAY STOCK TRADING PROFITSARDAR G MARKET TRADER
Here is setup of intraday trading for NSE:KOTAKBANK
KINDLY SWITCH TO 5MIN TIME-FRAME
Used my Analysis on 15min chart. Traded on 5min Time-frame.
After Breaking of Resistance waited for pullback then entered.
Profit Booked 1:2
Keep following Liking I will give trading setup on weekend.
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 - Intraday setupKindly 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 Analysis !! #KotakBankDescription : 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.
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 | 17-12-2021 [ INTRADAY]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 resistance.
100DMA is placed at 1914.80 and 200DMA is placed at 1848.13 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it is trading in descending parallel channel.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 17-12-2021
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.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | KOTAK BANK | 17-11-2021 [ INTRADAY]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 support from the parallel channel. Breakdown of this channel will lead it to bearish.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for Date: 17-11-2021
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.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
KOTAK BANK MAY HAVE THE FUEL LEFT TO CONTINUE THE RALLYKotak 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 Nifty even more.
Buy in a pullback for better risk reward ratio.
Happy trading :)
This is just for educational purposes.
Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]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 the levels will remains the same as per previous setup.
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.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]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 Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.