Currently it is trading at very crucial zone as per the Orderflow after it has given UP-trend on yesterday.
If it is able to sustain above CZ Zone, it can easily go till1615-1620 zone quickly
Sell Setup can be only initiated after break of trendline and CZ with WRC candle & Volume
#LearnWithKRMG
Please follow the trade setup given in the picture and comment out your position below !
Strict Stoploss at 1660 (1% rule).
Thanks and keep making profit
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.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
I think KOTAKBANK has topped in a medium term. There are many things aligning up and all say that KOTAKBANK's top is in.
The RSI has divergence, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
CMP: 1692.7
Stop loss: 1746
DATE: DECEMBER 22, 2019
Your...
Dear Traders,
Kotak Bank is forming hanging man pattern in the 4 hr chart and it confirms with second bear candle for the target of 1630 which is at the short term demand zone and there after it starts consolidating between the current levels for few weeks.
Thank you
Deepak
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
RESPECTING FLAG PATTERN VERY WELL IF CLOSED above upper line on closing basis target given and if it does not it may come down to lower line target given
note: TRADE AT YOUR OWN RISK
IT 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
Dear Traders,
Kotak Mahindra Bank is in Neutral trend, currently in triangular pattern, any breakout above or below decisively will confirm the short term trend.
Thank you
Dpak
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