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Kotakbanktrend

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.
NSE:KOTAKBANK
by Trading_hawk
2
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.
NSE:KOTAKBANKLong
by Sanjan91
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. ------------------------------------- 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.
NSE:KOTAKBANK
by Trading_hawk
Simple Trade Setup|KOTAKBANK|25-08-2021|Bullish Divergence?(2)NSE:KOTAKBANK Observations: 1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence. Please refer below chart. 2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which can work as hidden bullish divergence. Please refer Chart below: 1 hour time frame. ------------------------------------- Trade Setup for Date 25-08-2021: 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) If it opens flat and goes down then pay attention to RSI if RSI takes support from this trendline then it will be buy trade signal coming but buy trade entry will start only on breakout of 1710 level. 3) Also use 1hour chart in the meantime to check and judge RSI. I will try if I can post update during live market in the comment section to update you. 4) Everything is mentioned on the chart. I hope it is easy to understand. 5) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow. 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
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
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 - 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