Kotakmahindrabank
Divergence on KotakBank , A personal learning.
Hello, Kotak bank shows a divergence (RSI) on 15 minute chart, However instead of exiting our long position we can hold the stock till it breaks down the trendline.
A recent example, that I personally encountered :
On 20th August - 24th August we could see a divergence on the Hourly chart of Hindustan Unilever, snapshot of which can be seen in the comments after moderation. So, instead of exiting our position on observing a divergence on RSI - we could eliminate a false signal by holding till the rally respects the trendline. In this case, a 7% additional rally.
Do let me know your thoughts,
Thank you.
🏟 Kotak bank broken ResistanceNSE:KOTAKBANK
Kotak bank just broken important resistance, not one can see target as well in chart.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. We are not SEBI registered.
KOTAK MAHINDRA BULLISH TRADE PLANLevels mentioned on the chart.
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior at Battle field
Simple Trade Setup|KOTAKBANK|25-08-2021|Bullish Divergence?(2)NSE:KOTAKBANK
Observations:
1) On 15 min time frame it has been making lower lows in price chart but on RSI it is making higher lows. Which can work as regular bullish divergence.
Please refer below chart.
2) On 1 hour time frame it has been making higher lows in price chart buy on RSI it is making lower lows. Which can work as hidden bullish divergence.
Please refer Chart below: 1 hour time frame.
-------------------------------------
Trade Setup for Date 25-08-2021:
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) If it opens flat and goes down then pay attention to RSI if RSI takes support from this trendline then it will be buy trade signal coming but buy trade entry will start only on breakout of 1710 level.
3) Also use 1hour chart in the meantime to check and judge RSI. I will try if I can post update during live market in the comment section to update you.
4) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup|KOTAKBANK|24-08-2021|Bullish Divergence?NSE:KOTAKBANK
Observations:
1) On 1 hour time frame we can see it made higher low, while RSI made lower low. This can be act as hidden bullish divergence.
Please refer Chart below: 1 hour time frame.
2) On 15min Time frame, we can see it made almost flat lows in price action, while RSI is making higher lows. This can be act as Exagerrated Bullish Divergence.
Please refer Chart below: 15 min time frame.
-------------------------------------
Trade Setup for Date 24-08-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.