KOTAKBANK trade ideas
KOTAKBANK Levels for 26-JUL-21(Intraday) Buy above 1726 for 7,15,30+++
Sell below 1713 for 7,15,30+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
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.
In No Trade Zone!Stock is making Lower Highs and Lower Lows in Daily Time Frame and consolidated for too long. Bank Nifty has to support for the stock to Break Out of this consolidation. However, the stock is good and should be held for long term. Be patient.
Watch out for Breakout in Kotak BankStrong Support created in monthly time frame . Downward Trend has been tested multiple times. If breaks, one can go long for good targets. Will post another analysis if gives breakout.
KOTAKBAN#StockMarket #StocksToBuy #StocksToWatch #StockMarkets KOTAK BANK LOOKS TO TEST SUPPORT MULTIPLE TIME
If hold these levels, So one entry above 1770 Level or above 20MA BO
This is a Positional Bet, for a minimum 4-6months holding.
Or look for long-term holding, as per will.
Min Target 1920++
With SL of 1640 or If breaks below 100DMA
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Also if It breaks 100DMA,
Then Look For Shorting Opportunities for a target of 1500/1450
Shorting is RISK call so hedge your position
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STRICT SL TO BE FOLLOW IN EVERY TRADE
Swing Trade in Kotak BankKotak bank shows great accumulation in 1750 zone. It has formed a strong support at 1690-1700 zone. Break of counter trend line can give a good opportunity to go long with a RR of 1:3. Plus quarterly results are on Monday which can be a great trigger. Don't enter before the break of CTL
Kotak bank - Triangle breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Pure chart analysis on Kotak Bank chartTriangle formation is almost going to complete on the daily chart of NSE:KOTAKBANK chart. This is pure chart analysis without any other indicators. Watch it carefully, in the next 4-5 trading days it may show its moves.
Follow me if you are interested in pure charting analysis like that.
Feel free to ask any queries in the comment section about this chart pattern.
#Kotakbank cash : Looks good above 1722.10#Kotakbank cash
22.07.2021
Looks good above 1722.10
Stoploss 1706
Target 1736-1740/1760
Cmp 1707.20
KOTAKBANK is not looking goodNSE:KOTAKBANK had been showing sluggishness and stuck in a small range for the last 3-4 months. Last quarter results had been also not that great. And looking at the current movement of it, looks like results are going to be either okay or below expectations. If results are below expectations then it might show 1680 levels.
Cup forming on Kotak bank
Chart Analysis:- On hourly TF of Kotak Bank we can see that Stock is making two patterns – Symmetrical Triangle and Cup - where Triangle is already formed but cup is yet to be form. As we know symmetrical triangle is bullish pattern and cup is forming so after a triangle breakout with a good volume we’ll see our expected targets and we can also take a help of indicators to confirmation of trade.
• RSI is at 55 levels and also taking support on trendline.
• On DMI DI+ line is crossing DI- line and approaching upward ADX line is below 20 which shows low momentum in stock right now but it will also support after Triangle breakout.
• Bollinger bands is also giving Bullish signal stock is taking support on 20 EMA line.
Entry point- 1756 - 1760
Targets
• 1770
• 1783
• 1809
Stoploss –
• 1727
Disclaimer - I am not SEBI registered analyst and I can be 100% wrong so do your own due diligence and consult with your financial advisor before investing.
KOTAK BANK - Inverted Cup and Handle (Sell)I don't know what patter you guys see her...I'm seeing an inverted cup and handle.
Sell this stock at 1710 Stoploss 1745 Target 1610
KOTAKBANK had been cracking for the last 2 daysNSE:KOTAKBANK is showing weakness for the last 2 trading sessions. It might show 1690 levels day after. I would consider that as value buy.
Swing Opportunity in Kotak BankGo Long above 1768.6, for Targets of 1822.25 with SL 1714.95
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. In addition to this the stock will give a Trendline breakout once it crosses 1765 level.
KOTAKBANK Levels for 20-JUL-21(Intraday) Buy above 1726 for 7,15,30+++
Sell below 1720 for 7,15,30+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
should we aware about KOTAK BANK ?dear traders/investors
we hope you are doing well and generate profit consistently,
as we can see there are many possiblities that may be this share go up because it breaks its trend line and try to retest.
and on a big time frame it had make double bottom and rsi divergence is more bullish than stock price.
hdfc bank generates 16.6% more profit so,it may be affect banking sectors tomorrow.
5 DEMA CROSSES 13 DEMA and try to cross 26 DEMA which can give better target.
happy trading
regards,
HPS LIMITEDS
DISCLAIMER - LARSEN AND TOUBRO ALSO CREATE THEIR CUP AND HANDLE PATTERN AS WE ANALYSIS BEFORE.
KOTAK BANK forming a triangle patternTriangle pattern, support zone
wait till it break either side than take confirmation.
