Kotak Bank Sell Positions* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Kotak Mahindra Bank Level's
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4Hr Inverse Cup and Handle Breakdown.
Smaller TF SMC Selling Area make double top and making HL-HL Pattern
(Support Breakdown Level) Resistance-- 1761/1778
(Target) Support --1133/1063
Trade : Sell at 1761 SL 1780 (~ 19 Points SL)
Target will be 1711 (~ 50 Points)/1661 (~ 101 Points)
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Trading_Cafe24
Thank you :)
Kotakmahindrabank
TECHNICAL PICK KOTAK BANKKotak bank is consolidating in a parallel channel pattern in 15 minute chart time frame chart so if it will break horizontal trendline resistance then we can go for a buy and if it will break horizontal trendline support then we can go for a short..
For Buy Side-: If it will break the resistance and give a close above on the same 15 min time frame chart so we can go long for the target of 1860 and 1880.
For Sell Side-: If it will break the support and give a close below on the same 15 min time frame chart so we can go short for the target of 1730 and 1717.
Target- Identified form coming support or resistance one can check on daily time frame chart.
Stop loss-: Stop loss if it will close below or above on 15 min time frame chart on the opposite direction of trade to support or resistance.
BE A HERO ALWAYS ✌🏽✌🏽✌🏽✌🏽
kotak mahindra bank swing trade idea follow formore banknifty kotak mahindra bank swing trade idea follow for more banknifty
just for educational purpose
Reason Type 2 Uptrend Pattern,
RSI Divergence Confirmation
Educational Only
note a buy sell advice i am also a Lerner as only 5 years experience in this field
Cup and Handle PatternA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.It is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Script = Kotak bank
Time frame = 1Day
Kotak Bank Swing Targets/Short Term ViewThe FASP for Kotak Bank Short term view is listed for 30-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY : 18 OCT#NIFTY50 Under 1day candle nifty is in range bound between 16750 - 17450.
* DAY CHART TREND ANALYSIS : MILD BULLISH TREND
* 1Hr chart : Crucial resistance at 17350, yesterday nifty fails to take out this resistance. Can assume 17350 act as an strong resistance in
upcoming trading days
* 1Hr TREND ANALYSIS : BULLISH
* TODAYS OI DATA :
CALL OI 17300 : 67L
PUT OI 17300 : 52L
PCR : 0.76
* SECTORS TO WATCH OUT :
BANKING SECTOR - Specifically #SBI
KOTAKBANK Fresh BreakoutKotak Bank on the Daily chart is on the verge of breakout, I am Entering into Long Position in KOTAKBANK future Around 1870 For the Targets of 1990 and Stoploss below 1815 (Time Horizon 15 Days)
Reason To Buy Kotak Bank:
# Stock Today Crosses 200 Days EMA.
# Falling Wedge Pattern Breakout Seen.
# Banking Sector Trading in Strong Momentum.
# Frontline Blue Chip Stock with huge volume.
KotakMahindraBankLtd breakout todayKotak Mahindra Bank Ltd. (KTKM) breakout target 1912 1922 1950 1987
Kotak Mahindra Bank Ltd. (KTKM) strong breakout with high volume and momemtum created in kotak bank. today channel breakout.
BUY now for long. NEXT TARGET1912 1922 1950 1987. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
Kotak bank view for long term holdersKotak is one of the top most banks in India which has significant weightage in both Bank nifty and Nifty 50.
also, considering the history of price movements, Kotak has never breached the 200 day moving average significantly and went down except the 2008 crash. The most recent example was the covid crash where it took heavy support.
i would say the 200 DMA would be the best place to add for long term portfolio.
if it breaches that I would suggest add in every 5% drop maybe.
But in any case, it surely is one of the best banks in the indian banking space.