Kotakmahindrabank
KotakBankKotakBank Cmp 1780
The Green zone is the demand zone which is being holding since some time
but with Downward trend line, one can also see the selling pressure in it...
Since price is trading in compact zone...
Expecting price to break either one zone
and move of 200points can be on cards
can keep on watchlist
Vedang :D
Chart is for study purpose only!!
KOTAK BANK had a nice breakout NSE:KOTAKBANK had a nice breakout with a strong candle, even the banking sector looks positive on merger of HDFC and HDFC BANK. thus bank nifty also shows a bullish sign and due to this overall research the kotak mahindra bank also seems bullish momentum in upcoming days
The trade has to maintain a strict stoploss of the current daily candles swing that is 1734 and the target for this stock is upto a potentioal of 1900-1950
this is just my analysis
Do like if its worth....!
Kotakbank in a descending triangle patternKotak bank has closed just above the support level of 1700-15
On a daily time frame, a doji candle is formed.
Wait for the price action to form a pattern near the levels
Support:- 1700, 1550
Resistance:- 1825, 1960
Kotak bank can become a swing trade if the trend is final.
Breakout on long side Kotak Mahindra BankNice trendline breakout at Kotak Mahnidra Bank. Price was in correction for long time, and it is strugling to form Lower low. Trendline has been tested multiple times and finally broke it today and Daily candle closed above trendline.
Just be carefully the price also have formed Head and shoulders patern but it will most unlikly to break on downside considering the fundamentals. however if globle situation worsens thn there is posibilty.
NSE:KOTAKBANK
BankNifty Future Intraday support and resistances 24/01/2022Expecting good gap up in BNF as ICICIBANK has given wonderful results. If BNF sustains above 37960/38000, we can see more upside in Intraday
If support level of 37480 breaks we can see good downfall in BNF Future, supports are mentioned in the chart
ICICIBANK Intraday support and resistances 24/01/2022 after Q3ICICIBANK has posted exceptional Q3 results and is expected to open gap up on Monday, we can expect to see levels of 820-840 on Gap up, if this gap up sustains we can also see levels of 850/860 Intraday itself,
If there is no gap up, these levels can also act as Intraday Resistances
SIP IN KOTAK MAHINDRA BANKIn recent correction of market the stock has broken 100, 200, EMA and taken support near 1720 levels. heavy constituent in bank nifty, SIP is to be done from these levels on a weekly basis. Good returns shall be generated as stock gains 100,200 EMA for an ultimate target of 2000+
Simple Trade Setup | KOTAKBANK | 17-12-2021 [ INTRADAY]NSE:KOTAKBANK
Observations:
1) On 1day time frame, since last 3 days it has been trading around 200DMA.
Yesterday, it gave breakout of 200DMA and today it managed to take support from 200DMA and close just above 200DMA.
200DMA is major support at this moment.
If it gives breakdown of 200DMA then it will be bearish again.
100DMA will be immediate resistance.
100DMA is placed at 1914.80 and 200DMA is placed at 1848.13 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it is trading in descending parallel channel.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 17-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Kotak Bank Long opportunityNSE:KOTAKBANK
Hello all!
Kotak Bank has been moving in a channel since the covid crash. Its now at the lower trendline which generates a good opportunity to go long!
There are multiple other factors which strengthen my conviction:
-> Presence of 200 daily EMA
-> Presence of 50 weekly EMA
-> Stock is trading at its support zone
-> It is trading between 50% - 61.8% fib levels (golden zone)
It can be bought here with a very minimal stop loss. Risk averse traders can wait for the break of trendline 1.
*NOT A CALL*
HAPPY TRADING!
Kotak Bank Has An Explosive Rally AheadNSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 .
At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 - 1960 - 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal.
A short reversal is expected at the last target of 2056 .
Further information I will update you soon. Stay connected!