Kotakmahindrabank
KOTAKBANK - Long Term Investment IdeaKotak Bank has had a fabulous year and we have stressed enough that in whole Banking sector, we only like and invested in HDFCBank(800 levels) and Kotak Bank(around 1300 levels). Hence Now the stock has entered correction and its 16% down from its high. Its a good stock to accumulate at these levels for long term gains.
SHORT Opportunities in HEROMOTO, IOC, KOTAKBANK,VIP, PVRThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
Kotak Bank: Good FIBO patternThe chart shows how Kotak Bank is following the levels of FIBO beautifully. Currently, it is trading at a 50% FIBO level from where if it takes support then it can retest the earlier 32% Zone. If it does not then it will hunt for the 1820 level which is 61.8% level. This zone becomes a very attractive valuation for Kotak Bank.
All Levels are mentioned on the chart.
DISC: For educational purposes only.
Kotak Bank - Head and Shoulder Breakout Kotak Mahindra Bank making a Head & Shoulder Pattern, closed on a very critical support level i.e. 1939.
Can give a good breakout if Bank Nifty Breaks tomorrow and the market sentiments act negative.
Have given both the levels for buy and sell. If it takes support from the line of support tomorrow also for 15-20 mins go long.
If the support level is broken and starts acting as resistance go short.
Please let me know your suggestions as well.
Thanks & Regards
Hritik Kaushik
FLAG AND POLE PATTERN IN KOTAKBANKA bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag.
FOR EDUCATION PURPOSE ONLY.
Kotak bank broken a crucial support Kotak bank has broken a strong support level and 50 EMA in daily chart on yesterdays trading session right after it's earnings were announced. It has already broken it's trendline a few days ago. There's no major support level nearby. Plan your trades acccordingly. Happy trading.