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.
KOTAKBANK Overview in Daily ChartsA channel is observed, the stock is trailing near the support region of the channel, and a reversal is expected in BANKNIFTY shows a positive trend in the coming days. If the price falls below 1950, we may expect a breakdown from the channel and further downside can be expected provided BANKNIFTY shows a negative trend to support the downtrend.
Overall, I feel bullish about this stock for the coming days.
KOTAK BANK : BUY/SELL algo demonstration HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)