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Kotakmahindrabank

KOTAKBANKKotak bank stock retraced 50% of wave 3 and formed an ending diagonal pattern in wave 4, finally has done breakout from ending diagonal pattern, it looks like the correction is completed and the stock is likely to started its next step of upmove, also the macd in daily time frame has turned bullish and done positive crossover, as the wave 5 unfolds the stock may cross above its all time high. one can go long at current levels or in dips (if any) , all the key levels are mentioned on chart along with stoploss and targets. wave structure retracement by 50% key levels stock near to cross upper bollinger band macd in daily positive crossover dmi and adx positive ungali setup rsi in daily above 60 and uptick rsi in hourly above 60 currently at 80+ Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:KOTAKBANKLong
by RK_Chaarts
2
KOTAKBANK to bounce back? | CHART#17Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance_Sheet_Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance_ and Other Banking Business. *Stock Analysis* 1. Kotak Mahindra Bank witnessed a decline in price after reaching its all time high. 2. Prices are consolidating to 1700 levels which is a good entry point for the stock as the stock was trading at that levels during pre-COVID times. 3. Kotak Mahindra Bank is a fundamentally good company which is consistently making highest ever profits, but the share price is not trading at the highest ever price. This mismatch will be corrected soon. 4. Technically Kotak Bank is making a triangle-pattern with base at 1700 level. 5. Stock price is below 200,50,20 Moving averages which can be used for taking entry. 6. Good Entry point for long term investors also. *Important Levels to Watch* -- Entry @ Current Market Price ( 1700 range) -- Target @ 1803 | 1889 -- SL @ 1640 Notes : Better to hold on to the stock as the rebound can happen any time!! ▢ Feel free to suggest your view on this as learning is earning here. ▢ Drop a follow here😉 @GokulHari Good Luck Investors❗ -- GokulHari ❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
NSE:KOTAKBANKLong
by GokulHari
KOTAKBANK TARGET HIT| REVIEW | LESSON LEARNED| NEXT TRADE SETUP NSE:KOTAKBANK Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK. Review and what we learned from Today. #1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period. What we leared : Always to avoid trade in initial 15-20 min. #2 RSI Bullish Divergence: One of the main signal for today to confirm was weather it is a bullish divergence or not. Whenever such divergence forms then there will be always a trap at the beginning of session. For Example If bullish divergence is getting active then there will be a bear trap that happened today. Stock went to such a low level and recovered so quickly to trap the trader on short side. And I had posted in MGL case when there was bearish divergence was forming. I will give the link of it for your for information. In this MGL, it created bearish divergence and in beginning of the session it gave bull trap and then it went down so badly. What we leared :Wait for the signal or our trend to get confirmed as per our trade setup. #3 After that it starts to trade above 1720 range and as per our trade setup no.3 , it is a signal to go long in trade. And it hit our target of 1743. What we leared :Always follow your trade plan and stick to your trade levels. -------------------------------------------------------------------- Now next trade setup for this week. It is simple, all the levels marked on the chart will work as support, resistance and target on respective day with price action near that level. For example, 1) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes down and it takes support from 1728 range then it will be a buy trade above 1730 and target will be the level at which it open and then the next target will be the target mentioned on the chart. 2) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes up and it faces the resistance at 1760 then don't take the trade, there might be the chance that it will take support from where it has open and make the reversal. And it if breakdown the level where it has opened then it has next support at 1728 range from this there may be the chance of reversal and again give us a buy trade. Hence always judge price action at respective level. Hope my ideas are helping you to understand the levels, price action and signals from the chart. Do let me know if you have any doubt.
NSE:KOTAKBANKLong
by Trading_hawk
KOTAK BANK | TRADE SETUP for 26-07-2021NSE:KOTAKBANK On, 19-07-2021 and 20-07-2021, it was making lower lows, while RSI on that was making higher lows. This will be the bullish divergence. I have marked this bullish divergence with orange line. Now If you see the price action it has formed double bottom and it closed above critical range of 1718-1720. Trade plan for 26-07-2021 1) If it able to hold above 1720 and trade above it then there will be easy trade on buy side and targets are marked on the chart. 2) If it open with gap up then wait 15-20 min to get it cool down and if you see in this 15-20 min going down to take support from 1720 range or even from 1700 range and it makes the hammer candle in this range then it will be the sign of reversal of trend and it will give bullish trade. 3) If it open with gap down then wait 15-20min and if you see in this time if it breaks 1720 range and trade above it then this will be sign of the uptrend but a green candle need to be closed above 1720. But if it faces resistance then it will again consolidate in 20point range from 1700-1720 and then we can just wait for the levels to reach take trade on either side. 3) Short trade can be only made below 1690 level. Target for short/sell trade already mentioned on chart.
NSE:KOTAKBANKLong
by Trading_hawk