Kotakmahindrabank
Does Kotak Mahindra at Support?After reaching at the levels of 1630 Kotak Mahindra has consolidated back to its level of 1561. And this is the third time it is following the same pattern.
With an Stop Loss of 1520. Kotak is again trying to reach or even might break its level of 1630 in coming days.
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Market Commentary|Investiture.in|Personal Financial Planner in Jaipur
KOTAK MAHINDRA BANK LONG BULL FLAGIT IS MAKING BULL FLAG PATTERN ONCE IT CROSSES UPPER TREND LINE ON CLOSING BASIS AND MAKE BIG CANDLE NOT DOJI GO LONG WITH TARGET GIVEN AND LOWER TREND LINE IS STOP LOSS JUST WATCH OUT FOR DOJI CANDLES IF MADE ON LOWER TREND LINE GOOD SIGN OF REVERSAL BUT DOJI SHOULD NOT BE MADE NEAR UPPER TREND LINE ELSE PRICE WILL REVERSE BACK TO LOWER TRENDLINE GOOD LUCK
KOTAK MAHINDRA BANK ON THE WATCH VIEW ON KOTAK MAHINDRA BANK
:-THE RANGE IS NARROWING DAY BY DAY
:-CONFIRMING POLE FLAG PATTERN
:-POLE FLAG PATTERN IS A CONTINUATION PATTERN
:-I.E WE EXPECTING A BREAK ON THE UPSIDE
:-DIVERGENCE VISIBLE IN THE CHART
:-WAIT AND WATCH APPROACH
:-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL
:-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE
Kotak Upside PossibleBuy if price close above 1450 today Stoploss 1480 Target 1520 or any Reasons For Trade-1.Price has broken the support 1450 and recoverd easily near to level
2. Stoploss hunting was done by institutional traders
3.Pin bar formed near 200 Days EMA on 4 hour chart
4.Close above 1450 will expose higher side
5.Risk Reward 1:2
6.Trade with 1% risk of your capital
KOTAK BANK | Rounding TopRounding Top pattern confirmed in KotakBank. Neck level 1467.5 is broken decisively and the stock can be considered as Short candidate. Do note that volume has been diminishing as the pattern was formed adding further confirmation of a temporary weakness. Target for short selling comes at 1394 according to the pattern, whereas 1400 as target could be safer.