Is Kotak bank coming back to Bulls race?It's been a while since Kotak is falling, but presently a triangle has been formed and the stock is below 200 ema, and to its benefit bank nifty is in a rising channel, a breakout can be expected soon.
KOTAKBANK trade ideas
Could be a reversal in price for Kotak BankInteresting chart pattern, All the possibilities for the price to go back to the previous all time high.
KOTAKBANK has shown good up move in the last 3 trading sessionsNSE:KOTAKBANK has been showing some up move for the last 3 trading sessions. It has taken perfect bounce from 1700 levels.
only for intraday kotak mahendra bank trend line break out buying and round figure closing
Thats go to for buying
#KOTAKBANKNSE: KOTAKBANK
After moving in a parallel channel within the supply and demand zones, Kotak Mahindra Bank has given a strong breakout and has been bullish the last few days. The road to 1800+ seems to be clear. Possible entry at next pullback
Educational purpose only - Trade at your own risk.
Good luck.
In consolidationIt may continue to consolidate till 1st week of September before it breaks out. May break out earlier also. Support at 1600.
only for intraday only for intraday using
This is techinical analysis giving some stocks also buying and selling
KOTAKBANK seems to be taking support around 1700NSE:KOTAKBANK took support around 1700 levels and bounced from there. RSI is also showing upward movement. It can rally towards 1800 levels.
Kotak Bank in Triangle Zone with Fundamental Catalyst!Kotak Bank in a triangle zone. Kotak Bank has quarterly results coming up in 17 days now which can act as a good catalyst in order for it to break the the triangle on the upside giving us the first target of 2000 which happens to be a good psycological round number as well. A daily closing below 1670 can be considered as a Stop loss. A good risk to reward indeed!
KOTAKBANK_CHANNEL PATTERNOne can go long if it breaks the channel pattern with good candlestick pattern formation with volume.
(for educational purpose only)
Price is sideways and decreasing strengthPrice is making lower High but not lower low. It's at a crucial support zone which have been tested multiple times.
The downward momentum is decreasing.
If it breaks the support, Short for a target of 1500.
If it rallies up giving a breakout from the triangle line, go long for 1830/1900/2000
KOTAK BANK DAILY ANALYSIS - CMP 1715 BUY FOR TARGET 1760- 1790-KOTAK BANK DAILY ANALYSIS - CMP 1715
BUY FOR TARGET 1760- 1790- 1820- 1845- 1900- 1950- 1995-2022- 2050-2100-2200+
SL BELOW 1660 - DAILY CANDLE CLOSING BASIS
HOLDING PERIOD 2-3 MONTHS
CAN BUY 1760 CE - TRADING @ 30
SL 15
TARGET 48- 60-80-100-122+
Kotak mahindra bank LONG, for intraday and swing target Hello traders,
here's one more analysis for you. KOTAK MAHINDRA BANK
as it made a very bullish move from 1700 levels, and on the same day came back to the mean level.
So we are waiting for the price to come back at the same level, which is round level- 1700
Scenario1- we can go long @1700 with the SL of 1696.50, against the target of- 1713 (2.84 RR), 1723, 1742( 9.04 RR winning Trade scenario)
Scenario 2- if the price sustain above 1716, one can still go long for a target of 1742 Intraday)
I would still prefer scenario1. for intraday and swing trade. Also Stock is near 200 ema on daily Time Frame
LONG TERM BULLISH PATTERN FOR KOTAKTWO POSSIBLE PATTERNS
1. WHITE LINE TRIANGULAR (WHITE)
2. ASSENDING LIMIT LINES (RED AND GREEN)
BOTH WAYS KOTAK LOOKS BULLISH
RSI INDICATES MORE TOWARDS LIMIT LINE PATTTERN
HOWEVER IF IT FOLLWS THE TRIANGULAR PATTERN BREAKOUT SHOULD BE MID TO END JUN 22.
Kotak Bank: Chart set up & trading strategyKotak Mahindra Bank
Observations:
- On the upper side 1804-1825 levels has acted as resistance
- 20 day EMA is around 1773
- 50 day EMA is around 1707
- The yellow zone has acted as a major resistance back in Dec 2019 - Feb 2020
- Now it is consolidating near the same levels
For Cash buying consider buying in 2 tranches
- one at current levels and 2nd
- on Any further dips towards the blue line currently around 1615. The risk::reward ratio looks very favorable near the blue line.
Target 1820 / 2030 / 2240 / 2412
Follow the blue line as you guiding line...
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F&O Strategy for July month
Given the chart set up, strategy suggested in Kotak Mahindra Bank for July month: Iron Condor strategy
It is a combination of 4 lots (2 for Call option and 2 for Put option)
Sell 1800 Call Option around 20
Buy 1840 Call Option around 11
Sell 1680 Put Option around 24
Buy 1640 Put option around 13
Net credit approximately 20 points
Lot size:400
The strategy has a yield potential of approximately 12.8% on margin requirement
Loss in strategy if closing on 29 July is below 1660 or above 1820.
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Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
KOTAKBANK Levels for 05-JUL-21(Intraday) Buy above 1723 for 7,15,30+++
Sell below 1710 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
