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KOTAK MAHINDRA BANK LTD.KOTAK MAHINDRA BANK LTD.KOTAK MAHINDRA BANK LTD.

KOTAK MAHINDRA BANK LTD.

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KOTAKBANK trade ideas

KOTAKBANK good to buy or wait for further correction?As we can see in the daily chart of KOTAKBANK, wave C of Flat Correction has reached 100% extension (which fulfills the rule of equality). The previous impulse also has a 50% retracement level around the same point, giving us a perfect cluster. Now, can we directly buy around this level? The answer is simple. Suppose the recent low,1735, is broken, and the stock starts to trade below this. In that case, the further level of wave C of Flat Correction will be opened, and the stock may further fall to 127.20% extension, where the 61.8% level of the previous impulse is also present, giving us another cluster. We can initiate buying at this point which is around 1695. Risky traders may start buying at the CMP with SL of recent low. This analysis is for educational purposes only. Always do your own analysis before doing any trade.
NSE:KOTAKBANKLong
by theprofityogi
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810 Reasons to go Long : 1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it. 2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level. 3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
NSE:KOTAKBANKLong
by Nimish_Ghagare
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕ Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo. There is so many ways to approach chart patterns, everyone has different approaches and different insights. Some Examples of Cup & Handle pattern we have seen:- 1) 2) 3) 4) 5) 6) POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:KOTAKBANKEducation
by ReviveTraders
Case Study: Kotak Mahindra Bank Breaks Long-Term Trendline (W)Pattern: Long-Term Trendline Break Stock: Kotak Mahindra Bank Timeframe: Weekly Status: Trendline broken with volume confirmation Pattern Characteristics: The stock has tested the long-term trendline 5 times in the past, failing to break through. Finally, it has broken above the trendline with a significant spike in volume, indicating a strong momentum shift. Key Observations: Resistance Trendline: The stock has been consistently rejected at this trendline for months but now shows a clear breakout. Volume Confirmation: The breakout was supported by a noticeable increase in trading volume, which adds confidence in the validity of the move. Breakout Implications: 1) Bullish Confirmation: A clean break above the long-term trendline suggests that the stock could enter a new bullish phase. The volume spike suggests strong buying interest. 2) Watch for Retest: Sometimes, stocks retest the broken trendline. If it holds as new support, that’s another strong signal of continued upside. Trading Strategy: Entry: Consider entering on a pullback or retest of the broken trendline, or ride the momentum if it continues. Stop Loss: Place a stop loss below the trendline in case of a false breakout. Target: Set targets based on previous resistance levels or recent highs on the weekly chart.
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NSE:KOTAKBANKLong
by TechnoTrader10
2
KOTAKBANK - Cup and Handle - Breakout -DailyKOTAKBANK - Cup and Handle - Breakout -Daily This chart represents the stock price movement of **Kotak Mahindra Bank Ltd** on the NSE, plotted on a daily timeframe. ### Key Observations: 1. **Cup and Handle Pattern:** - The chart outlines a **Cup and Handle** pattern, which is a bullish continuation pattern. The "cup" is the rounded bottom formation followed by a consolidation phase forming the "handle." - The pattern suggests that a potential breakout is underway. 2. **Resistance and Support Levels:** - **T1 - 1963 INR:** This is the first resistance level (Target 1) based on the pattern breakout. - **T2 - 2049 INR:** The second resistance level (Target 2). - **T3 - 2194 INR:** The final target level if the momentum continues upward. - **Support levels:** Strong support exists at **1625.95 INR** and **1543.85 INR**, which provide a downside buffer in case of price correction. 3. **Volume Trends:** - There has been a noticeable increase in volume during the recent breakout, which adds confirmation to the upward momentum. - The chart highlights a notable surge in trading volume, likely indicating significant buying interest. 4. **Pattern Breakout:** - A clear breakout is shown from the handle pattern, and the price has reached **1904.50 INR**, closing above the **1870 INR** mark. - The breakout target suggests potential upside gains of **8.99%** and **17.32%** from the breakout point, aligning with the target prices (T1 to T3). ### Conclusion: - The chart signals a bullish breakout from a technical perspective, supported by a well-formed Cup and Handle pattern, and the price has breached a key resistance zone. - Traders may look for **targets around 1963, 2049, and 2194 INR**, while being cautious of the key support levels below.
NSE:KOTAKBANKLong
by VCharts_TA