Kotakmahindrabank
Kotak Mahindra Bank - Head & Shoulders Neckline Breakdown Kotak Mahindra - Daily
Chart Pattern - Head & Shoulders
Neckline breakdown
Lower bollinger band is challenged and the price candle is extending below it
MACD below the zero line of the histogram
Solid red bars below the zero line in the histogram
RSI is below 40 and in oversold zone
Stochastic is in negative crossover state
ADX is above 15 with -DI > +DI
5 EMA < 13 EMA
Even the weekly chart has indicators and oscillators indicating price is poised to go down
KOTAKBANK SHORTI hope you can now see how KOTAKBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Simple Trade Setup | KOTAK BANK | 17-11-2021 [ INTRADAY]NSE:KOTAKBANK
Observations:
1) On daily time frame,it closed and sustain above 10DMA
10DMA is placed at 2077.23 level.
Immediate support is 2080 level.
Immediate major support is 2050 level.
Immediate resistance is at 2100.
Major breakout level is at 2125 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, it has been taking support from the parallel channel. Breakdown of this channel will lead it to bearish.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 17-11-2021
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.
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#kotakmahindrabank. Breaking out from resistance The stock has broken out to create all time high levels from a previous resistance zone that was tested earlier multiple time this year.
It is currently walking on Bollinger band after a squeeze breakout seem to be bullish.
Momentum is good on all timeframes and ADX trend strength is see rising up which is bullish.
Banking sector as such is very bullish same time. Keeping the breakout neckline as stop loss swing/positional trades could be made
with entry on a Small retracement candle or above previous candle high if aggressive.
KOTAK BANK MAY HAVE THE FUEL LEFT TO CONTINUE THE RALLYKotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes.
The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB.
So there is a lot fuel left for the rally which could lift the Bank Nifty even more.
Buy in a pullback for better risk reward ratio.
Happy trading :)
This is just for educational purposes.
Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]NSE:KOTAKBANK
Observations:
1) On 1 day time frame, we can see that it took support and bounce from 21DMA.
Please refer below chart : 1day Time Frame.
2) On 1day time frame, major resistance is at 2050 to 2054 level range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 20-10-2021:
Most of the levels will remains the same as per previous setup.
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 : BullishEvery impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –
1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into the price territory of the wave 1.
The stock can be considered in its 4th wave & is about to complete the 4th wave very soon. One should go long on current levels with SL of 1826 & look for the targets of 2170-2200 .