Kotak 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...
Kotak 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...
Kotak is one of the top most banks in India which has significant weightage in both Bank nifty and Nifty 50.
also, considering the history of price movements, Kotak has never breached the 200 day moving average significantly and went down except the 2008 crash. The most recent example was the covid crash where it took heavy support.
i would say the 200 DMA would...
KOTAK MAHINDRA BANK : SHORT TERM PICK NSE:KOTAKBANK
CL.PRICE : 1884.60 (NSE)
Analysis : BUY
Stock has been performing bullish since last 5 days and today it had a successful close above decision point / important resistance zone where lot of bearish consolidation has taken place in the month of June 2022.
The Bullish trend may continue for next few weeks...
Kotak Mahindra Bank seems poised for an upside after bouncing from key support area.
It has reached historical 10 Year PE level of 25-30ish and S2 Fibonacci Pivot as well.
There has been consistent topline and bottom line growth, with increasing market share from shift to organized sector.
This is not an investment advice. Only for research purpose.
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...
This is daily timeframe. We can see clear breakout of chanel and now come for retest the trendline. Looking for upmove above 1790.
Entry :- 1790
Target :- 1920 , 1980 , 2050
SL :- 1730
(Not Sebi Registered analyst. This is just My view..Educational Purpose only.)
KotakBank Cmp 1780
The Green zone is the demand zone which is being holding since some time
but with Downward trend line, one can also see the selling pressure in it...
Since price is trading in compact zone...
Expecting price to break either one zone
and move of 200points can be on cards
can keep on watchlist
Chart is for study purpose only!!
NSE:KOTAKBANK had a nice breakout with a strong candle, even the banking sector looks positive on merger of HDFC and HDFC BANK. thus bank nifty also shows a bullish sign and due to this overall research the kotak mahindra bank also seems bullish momentum in upcoming days
The trade has to maintain a strict stoploss of the current daily candles swing that is 1734...