KOTAKBANK Long Idea.....KOTAKBANK chart shows its near support zone. need to see what price does near supoort.
Will enter on confirmation of Breaking weekly resistance.
Fundamentals:
Pro's: SALES & PAT growth CAGR is positive these 3 years where price is in zone. Not an Overvalued stock.
Con's: PE derating might have happened due to drop in sales growth. this may continue till its growth kicks in coming quarters.
Kotakbanktrend
KOTAK MAHINDRA BANKKotak is consolidating from a very long period (2020 -2024), in 2024 we see a fake breakout as a liquidity sweep after this stock which is forming a support is acting as a support again. in this stock we may see a breakout of 2020 high which is 2253 and we see targets of 2345 in this stock.
you can ask your questions in comment section
Thanks
Ishu prajapati
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
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 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.
KOTAK BANK TO HIT 1850 RANGE IN COMING MONTHSNSE:KOTAKBANK kotakbank seems very bullish on major timeframe and can blast in coming weeks upside once it gives closing /stables above current resistance og 1761/1765 on daily timeframe.
current support zone are 1753/1750 and 1743/1738.
if we breach 1738 downside then we will have to wait and see plan the next plan of action accordingly.
Kotak Bank Swing Targets/Short Term ViewThe FASP for Kotak Bank Short term view is listed for 30-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
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.
KotakMahindraBankLtd breakout todayKotak Mahindra Bank Ltd. (KTKM) breakout target 1912 1922 1950 1987
Kotak Mahindra Bank Ltd. (KTKM) strong breakout with high volume and momemtum created in kotak bank. today channel breakout.
BUY now for long. NEXT TARGET1912 1922 1950 1987. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
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 in a descending triangle patternKotak bank has closed just above the support level of 1700-15
On a daily time frame, a doji candle is formed.
Wait for the price action to form a pattern near the levels
Support:- 1700, 1550
Resistance:- 1825, 1960
Kotak bank can become a swing trade if the trend is final.
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