TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 8 times.
INTRADAY BUY TRADE SETUP
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk Reward is 1:3 or 1:4
Important : NIFTY 500 INDEX is also Going Towards 8200 Level.
So Do Not Add Stocks In...
Tail it has all the characteristics and underlying implications of the excess price, but is stronger. The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action. Because less time spent shows greater rejection. Observe how price goes above value and spends there the...
Has taken support at 1210 levels......resistance of 1240 will be taken out.......Kotak Mahindra buy Cmp. 1231 ... with the target of 1280.....sl placed at 1209
RSI has eased off from highs........still strong and above 50......
The information is educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
Buying kotak bank because of price is at rsi oversold area on daily chart and strong bullish candlestick marubozu type formation with good volume,weekly chart is also at rsi support zone and target is based on Fibonacci
Stoploss - 690
Target 1 - 747.45
Target 2 - 781.31
Kotak Mahindra Bank Limited is a bank. The Bank's segments include Treasury, BMU and Corporate centre, which includes dealing in debt, equity, money market, forex market, derivatives and investments and primary dealership of Government securities and Balance Sheet Management unit (BMU); Retail Banking, which includes lending and credit cards; Corporate/Wholesale Banking, which includes wholesale borrowings and lending, and other related services; Vehicle Financing, which includes retail vehicle finance and wholesale trade finance; Other Lending Activities, which includes financing against securities and other loans; Broking, which is engaged in market transactions done on behalf of clients; Advisory and Transactional Services, which provide financial advisory and transactional services; Asset Management, which manages investments on behalf of clients and funds, and Insurance, which provides life insurance and general insurance.
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KOTAKBANK
