KOTAK MAHINDRA BANK POSITIONAL CMP 1404
RESISTANCE 1430-1450
CLOSING ABOVE 1450
BUYING LEVEL AT DIPS
TGT 1565-1600-1700
BREAK OUT 1405 CAN GIVE 1430
Kotakmahindrabank
WAIT N WATCH :KOTAK UNDER TWO RESISTANCE(Treandline, horizontal)Kotak bank has been consolidating for months, in previous session it gave a good movement along with other banking sector. If breaks1430 new high can be seen in few sessions
Kotak Mahindra, 1D, Ascending Triangle, Bullish above Rs. 1,400As is evident from a perusal of the Chart, the area of Rs. 1,380 to Rs. 1,420 shall prove to be a supply zone for Kotak Mahindra Bank. However, if this zone is breached, and the 200EMA surpassed, then the Stock shall witness significant buying interest.
The ascending triangle being formed is further pointing towards bullish sentiment on the Stock.
Bullish Reverse Divergence Appears . Lets See What happens NextKotak is making Higher Lows While a combo of Several Oscillators are making Lower Lows . So A hidden BUT Powerful Divergence is Spotted here . I have invested a very small amount.. A few Candles and Volumes will guide us Tomorrow Morning.
Kotak Bank Triangle Chart Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
coil in makingNeed volume breakout on either side of the pattern with full body wide range candle. Range is being compressed on daily basis.
Kotak - Rising channel trend, Initiate longs!Kotak is in a rising channel and is trading above the 21 EMA, indicating strong bullish momentum! Also, has witnessed a golden crossover on the hourly chart! Longs can be initiated with a SL of 1310 on closing basis, for target of 1380 - 1400 in the next few trading sessions !
Long Kotak Mahindra Bank above 1330Long at current Level with price Target 1358- 1364
Trade with Proper Risk Management.
Victory is beyond fear!!
Disclaimer: I am not a SEBI Registered Analyst. Please take position after consulting your advisor.
Kotak Bank a good buy optionHi Friends,
Kotak bank is currently trading at 1322. There is a clear formation of symmetrical triangle pattern .
Today there was a bullish engulfing pattern formation as described in picture.
Keep the stop loss at 1221 .
The risk reward ratio, loss percentage and target percentage have been given in picture.
**views are my own**please take risk as per your risk taking ability**
Kotak Mahindra BankLooks ripe for a good breakout to above 1440. The second trendline will be retested and then continue on the uptrend. Keep a trailing stop loss.
KOTAK BANK Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Long above 1345, short below 1300Bullish: Long on break of above trendline
Bearish: Short on break of 1300
BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 WEDNESDAYKey Levels for BANK NIFTY : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~22366
FIRST TARGET~22459
INTERIM RESISTANCE~22571
FINAL RESISTANCE~22681
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LOWER BREAKOUT~22238
FIRST TARGET~22152
INTERIM SUPPORT~22048
FINAL SUPPORT~21921
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 24/06/2020 WEDNESDAYKey Levels for NIFTY50: INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10509
FIRST TARGET~10550
INTERIM RESISTANCE~10599
FINAL RESISTANCE~10651
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LOWER BREAKOUT~10443
FIRST TARGET~10410
INTERIM SUPPORT~10372
FINAL SUPPORT~10331
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Kotak trend analysis -Taken support at level 1237
-On 18th breakout & Trying to sustain
-If crossed 1280-1314 zone
Scenario A upside
If crossed upside (1280-1314 zone) 1st target would be 1341/1352
if crossed 1360 zone get into very good buying zone , target would be 1400
Scenario B downside
If crossed downside (1280-1314 zone ) 1st target would be 1255/1250/1200
