Kotakmahindrabank
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's,
Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here,
Sales has come 13717Cr, which is increased by 37% YOY
EBIDT has come 3581Cr, which is increased by 427% YOY
Net profit has come 4461Cr, which is increased by 24% YOY
EPS has come ₹ 22.45, which is increased by 24% YOY
So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday.
ABOUT COMPANY:-
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.
Other parameters:-
Market Cap
₹ 3,51,707 Cr.
Current Price
₹ 1,770
High / Low
₹ 2,064 / 1,644
Stock P/E
20.5
Book Value
₹ 563
Dividend Yield
0.08 %
ROCE
6.86 %
ROE
14.2 %
Face Value
₹ 5.00
Debt
₹ 4,18,307 Cr.
EPS
₹ 86.4
PEG Ratio
1.06
Promoter holding
25.9 %
Intrinsic Value
₹ 944
Pledged percentage
0.00 %
EVEBITDA
17.6
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Kotak Bank RSI Bullish DivergenceOn the daily timeframe chart of Kotak Bank, a noteworthy observation can be made. While the price has been forming lower lows, the Relative Strength Index (RSI) is displaying a pattern of lower highs. This development indicates a bullish divergence on the RSI, which presents a potential opportunity for a swing trade.
Entry:
To capitalize on this bullish divergence, it is advisable to consider initiating a long position after the opening of the next candle. This will allow for confirmation of the divergence pattern and potentially capture any subsequent upward movement in the stock's price.
Stop Loss:
To manage risk effectively, it is recommended to place the stop loss below the previous swing low, taking into account a suitable buffer. This precautionary measure ensures protection against unexpected price declines and helps to preserve capital in the event that the trade does not unfold as anticipated.
Targets:
For this swing trade setup, two distinct target levels are identified on the chart, referred to as Target 1 and Target 2. These targets correspond to the next resistance levels that the stock may encounter during its potential upward movement. Traders may consider taking profits or adjusting their positions accordingly upon reaching these predefined targets.
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KOTAKBANK is forming an Flag & Pole PatternKotak Bank is forming an Flag & Pole Pattern.
Wait for breakout from 2000 level if safe investor (35%+ Gain).
Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain).
#Current Price - 1730-1740
#Expected Target - 2700
#Stoploss - 1650
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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Kotak Bank Near Support ZoneKotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade.
Entry:
For entry, it is recommended to go long after close of strong bullish candle near support zone.
Stoploss:
To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting.
Target:
As for the target, it is advised to aim for the next resistance level as indicated on the chart.
Thank you for considering this analysis, and feel free to follow for more insights.
Buy Recommendation Kotak Mahindra BankAs on chart 31 May 2023, we are able to see a high volume of trade compared to all earlier days between the amount of 1953 & 2064 then the graph went down.
Therefore, I believe the buyers could have been stuck to sell the purchased stock in losses and the price is definitely gonna reach close to that point.
Buy today at 1856 and book a profit near 2k.
( I am a new bee, pls. have your analysis done before following above advice).
Kotak Bank Swing Trade SetupKotak Bank is currently approaching a crucial support zone on the daily timeframe chart. This presents a potentially good opportunity for a swing trade.
Entry:
For entry, it is recommended to go long on the open of the next candle.
Stoploss:
To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting.
Target:
As for the target, it is advised to aim for the next resistance level as indicated on the chart.
Thank you for considering this analysis, and feel free to follow for more insights.
KOTAK BANK TO HIT 2000 ZONE COMING IN WEEKS?NSE:KOTAKBANK KOTAK BANK is standing near weekly selling zone, if breaks the current fresh supportzone, we might see some correction till previous resistance of 1765,
if current selling zone is breached, then kotak can be held till maximum target as it keep breaking and retesting next selling zones for upmove.
respect the zones and always enter at retest if zone is breached. stoploss should be the lowest level of the zone marked.
KOTAK BANK TO HIT 1850 RANGE IN COMING MONTHSNSE:KOTAKBANK kotakbank seems very bullish on major timeframe and can blast in coming weeks upside once it gives closing /stables above current resistance og 1761/1765 on daily timeframe.
current support zone are 1753/1750 and 1743/1738.
if we breach 1738 downside then we will have to wait and see plan the next plan of action accordingly.
"KOTAKBANK" on positive reversalNSE:KOTAKBANK is trying to breach 0.5 Fibonacci levels, and if succeeds to close above that level we can see short term upside in the stock.
Target 1 = INR 1778.40
Target 2 = INR 1803.60
Stop Loss = INR1717
The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved.
Disclaimer : The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume . However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.{/i]
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = Kotak Mahindra Bank
Time Frame = 15 min
Kotak gearing up for Visfotak Downside
Good day,
Hello Traders,
Kotak Bank the big giant of Indian Bank Industry is standing on the verge of downside.
Can come upto this level in case it breaches the level of 1629.
Time Frame: Weekly
It also depends how market behaves.
Chart Self Explanatory.
Disclaimer: I am not SEBI registered analyst; this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis, please do comments, LIKE and Follow me.
KotakBank Double Bottom RSI DivergenceDouble bottom pattern is formed on daily chart of KotakBank. RSI is making higher lows which is sign of RSI Bullish Divergence.
Entry
We can go long after close of strong bullish candle near 2nd bottom.
Target
Target 1 - will be the next resistance as marked on chart.
Target 2 - After 1st target is achieved and price breaks above neckline of W pattern then 2nd target will be next resistance zone.
Stoploss
We can keep stoploss below the double bottom support zone.
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Bounce from Key Support - Upmove?There seems to be strong demand zone both trendline wise and horizontally at 1630 levels, and an immediate target of 1980 seems a probably case ~ 12% move from here.
Good bounce from RSI 30 region in weekly, and MACD seems to be crossing bullish as well. The share seems to be priced on the lower end of the 10 year spectrum using PB ratio and PE ratios.
Not an investment recommendation, just for research purpose.
Thanks for reading :)