Kotak 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...
As 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...
Kotak 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...
Kotak Mahindra Bank has been consolidating from Dec 21. A breakout attempted in May 23 failed and stock is back in consolidation. This kind of consolidation is always good for a stock.
Do suggest if you come across a similar setup.
NSE:KOTAKBANK has finally reached the major sell zone in 2000 zone area, may start reversal if breaks support zone,
above 2077 can try to touch 2100 area again if sustains above it.
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...
NSE: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.
NSE:KOTAKBANK KOTAK BANK is bearish on major tf, should be going down to touch the target level zone, if breaks above 1713, wait for retest and then only go long for above marked target zone with strict risk management.
#kotakbank 1710 big resistance is break
last 1-Day 16.16% changing open interest
last 5-Day 10.58% changing open interest
buy #kotakbank at 1710-1713
place stoploss at 1700
first target at 1740-1743
second target at 1755-1760
#thank you
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Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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NSE: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...
Hammer 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...
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...
