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.
Kotakmahindrabank
Kotak Mahindra Bank - BUYKOTAK MAHINDRA BANK : SHORT TERM PICK NSE:KOTAKBANK
CL.PRICE : 1884.60 (NSE)
Analysis : BUY
Stock has been performing bullish since last 5 days and today it had a successful close above decision point / important resistance zone where lot of bearish consolidation has taken place in the month of June 2022.
The Bullish trend may continue for next few weeks and stock has full potential to test 2100 levels above which it may go in all time high territory.
one can plan longs with stop loss at 1800 levels .
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Attached below few Related Ideas posted under my profile in recent time .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Trend Analysis + EMA 200 Support Kotak Mahindra Bank seems poised for an upside after bouncing from key support area.
It has reached historical 10 Year PE level of 25-30ish and S2 Fibonacci Pivot as well.
There has been consistent topline and bottom line growth, with increasing market share from shift to organized sector.
This is not an investment advice. Only for research purpose.
Kotakbank in a descending triangle pattern.Kotak mahindra bank has been consolidating for 3 months.
The bank is due for its quaterly results and a break out.
The stock has respected its 20 ema on daily time frame.
If the stock breaks out of the consolidation zone it can give nice long targets.
Support :- 1700, 1577
Resistance :- 1820-25, 1964
Wait for the entry above the level of 1820-25 as it will be double confirmation break out.
Swing and intraday trades can be initiated in the stock.
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