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.
Kotakmahindra
TECHNICAL PICK KOTAK BANKKotak bank is consolidating in a parallel channel pattern in 15 minute chart time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
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|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.
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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.