ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock.
The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading.
Even on the daily charts, the stock has test the 200 ema and chance of it...
On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA...
NSE:KOTAKBANK shares have tumbled after RBI banned the private lender from taking on new clients digitally, due to IT-related deficiencies, raising concerns about the potential impact on the lender that relies heavily on online banking.
The current levels may act as a support but this firm stance by RBI is in line with the recent past actions on various other...
Digital banking segment of Kotak Mahindra Bank is headed by Jay Kotak who recently made the headlines for his wedding recently. Similar ban happened with HDFC bank and price of the stock struggled to get back the momentum since then. The stock has been in this ₹1600-₹2000 zone since very long. Will it be able to sustain this or break this long time support? ...
BankNifty Analysis - Stance Neutral ➡️
BankNifty also had a neutral day today, but the OTM options premium was so weak that I did not play expiry at all today. I frankly do not remember the last time I missed playing BN expiry day. The regular algos, which has the same logic for banknifty every day ran as usual and that is the only trade I did on BN today.
NiftyIT...
Details:
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:...
This stock in 30 and 15 min timeframe create a double Top Pattern.
Strong resistance at : 1918.55
Support at:1878
2nd January if price will be open above 1900 wait for break 1890 and make a short position based on your analysis. Max volume at 1918-1920
If price will be open below 1900 then make your entry on short side or wait for create an any bearish...
Stock is under formation of a symmetrical triangle pattern. Stock is holding above it's 200 EMA on the weekly chart. A sustained closed above 2060 will be considered as a confirmed breakout of the pattern which shall take the prices towards 2800 zone in the coming months.
Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - " 1805 ".
Trade carefully untill ENTRY level.
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Entry: 1805
target: 1855 - 1950
sl: 1770 -1760
major stoploss/ support: 1758
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't...
NSE:KOTAKBANK seems to be trading in wedge pattern on daily timeframe if happens to break trendline of wedge in downside, may show a fall till second support,
first support (1670 zone) is at the bottom trendline of the wedge patterm from where kotak bank may move upside again if carries on the move inside wedge pattern
If trigger line crosses over 54.70, it may reach to 64.64, 20 to 25 Rs in cash.
If trigger line crosses below 47.20, it may reach to 35.26, 26 to 35 Rs in cash.
#Kotakbank #Trending #trading #StockMarketindia
▪️Kotak bank came to its consolidation support zone 1686-1625 levels one should wait for good Entry.
▪️If this levels breaks it will go next support near 1400 Levels.
