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Kotakbanktechnicalchart

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. ------------------------------------- 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.
NSE:KOTAKBANK
by Trading_hawk
23
KOTAKBANKKotak bank stock retraced 50% of wave 3 and formed an ending diagonal pattern in wave 4, finally has done breakout from ending diagonal pattern, it looks like the correction is completed and the stock is likely to started its next step of upmove, also the macd in daily time frame has turned bullish and done positive crossover, as the wave 5 unfolds the stock may cross above its all time high. one can go long at current levels or in dips (if any) , all the key levels are mentioned on chart along with stoploss and targets. wave structure retracement by 50% key levels stock near to cross upper bollinger band macd in daily positive crossover dmi and adx positive ungali setup rsi in daily above 60 and uptick rsi in hourly above 60 currently at 80+ Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:KOTAKBANKLong
by RK_Chaarts
2
KOTAKBANK TARGET HIT| REVIEW | LESSON LEARNED| NEXT TRADE SETUP NSE:KOTAKBANK Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK. Review and what we learned from Today. #1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period. What we leared : Always to avoid trade in initial 15-20 min. #2 RSI Bullish Divergence: One of the main signal for today to confirm was weather it is a bullish divergence or not. Whenever such divergence forms then there will be always a trap at the beginning of session. For Example If bullish divergence is getting active then there will be a bear trap that happened today. Stock went to such a low level and recovered so quickly to trap the trader on short side. And I had posted in MGL case when there was bearish divergence was forming. I will give the link of it for your for information. In this MGL, it created bearish divergence and in beginning of the session it gave bull trap and then it went down so badly. What we leared :Wait for the signal or our trend to get confirmed as per our trade setup. #3 After that it starts to trade above 1720 range and as per our trade setup no.3 , it is a signal to go long in trade. And it hit our target of 1743. What we leared :Always follow your trade plan and stick to your trade levels. -------------------------------------------------------------------- Now next trade setup for this week. It is simple, all the levels marked on the chart will work as support, resistance and target on respective day with price action near that level. For example, 1) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes down and it takes support from 1728 range then it will be a buy trade above 1730 and target will be the level at which it open and then the next target will be the target mentioned on the chart. 2) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes up and it faces the resistance at 1760 then don't take the trade, there might be the chance that it will take support from where it has open and make the reversal. And it if breakdown the level where it has opened then it has next support at 1728 range from this there may be the chance of reversal and again give us a buy trade. Hence always judge price action at respective level. Hope my ideas are helping you to understand the levels, price action and signals from the chart. Do let me know if you have any doubt.
NSE:KOTAKBANKLong
by Trading_hawk
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.
NSE:KOTAKBANKLong
by Trading_hawk
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
NSE:KOTAKBANKLong
by PrakWorld_Traders