Kotak after view After view of kotak which was published week ago know the move of waves B wave is triangle here
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KOTAKBANK trade ideas
kotak bank - long biasgood RR Visible, trendline breakout
can be a good long term bet, at support zone on monthly tf
$NSE:KOTAKBANK Time to SIP KotakBank for long term at bargainNSE:KOTAKBANK Time to SIP KotakBank for long term at bargain price
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Kotak Mahindra Bank take support in 200 SMAKotak Mahindra Bank take support in 200 SMA, It also get support on a support zone from where it reverse back many time. It is its strong buying zone .Also the movement of stock price is very negligible during this year but the financials are very good so, there is a big chance to take support in support zone as well as 200 SMA and reverse Back to higher Levels.
kotak bank ranging inside wedge pattern on daily time frameNSE:KOTAKBANK seems to be trading in wedge pattern on daily timeframe if happens to break trendline of wedge in downside, may show a fall till second support,
first support (1670 zone) is at the bottom trendline of the wedge patterm from where kotak bank may move upside again if carries on the move inside wedge pattern
KOTAKBANK is looking weak. NSE:KOTAKBANK can show 1715 levels soon. It does not seem to be sustaining the current levels.
Kotak Bank - Intraday - 06.11.2023If trigger line crosses over 54.70, it may reach to 64.64, 20 to 25 Rs in cash.
If trigger line crosses below 47.20, it may reach to 35.26, 26 to 35 Rs in cash.
KOTAKBANK - IMPORTANT ZONE TO WATCH#Kotakbank #Trending #trading #StockMarketindia
▪️Kotak bank came to its consolidation support zone 1686-1625 levels one should wait for good Entry.
▪️If this levels breaks it will go next support near 1400 Levels.
#kotak next probable moveelliott wave analysis
Description:
Here i have applied elliott wave analysis
Analysis is understanding market trends through the lens of Elliott Wave Theory. 8
If you're new to trading or have heard of the concept but want a clear explanation, you're in the right place.
Elliott Wave Analysis is a powerful tool used by traders to identify and forecast market trends.
In this beginner-friendly tutorial, we break down the fundamentals of Elliott Wave Theory and guide you through the process of conducting your own analyses.
range bound trading EPS sales
Sep-23 16.06 +24% 13,507.4 +34%
Jun-23 17.38 +67% 13,183.3 +54%
Mar-23 17.39 +27% 12,007.2 +35%
Dec-22 14.06 +31% 11,098.6 +34%
huge undervaluation
KOTAK BANK Near Strong Demand ZoneKotak Bank is very close to a Strong Demand zone. Everytime the stock has approached this level it has given a decent upmove of around 18-20%.
Stop Loss: SL has to be a strong candle close below the zone marked on chart
Entry: Entries can be made around 1,640 - 1,650
Target: 2,000+
kotak bank base formation Kotak bank recently started to make base formation on the daily chart and also changed the down trend with ending downward slopping channel confirming the bullish momentum in the scrip. The scrip has visible support at the level of 1700-1710, where base formation is being created, hence, initiate position on this scrip for the target of 1850-60 and place strict SL at 1700.
kotak mahindra bank looks to have formed bottom 23-10-23KOTAK MAHINDRA BANK seems to have formed a bottom
1. Harmonic Pattern formed on daily chart with PRZ near 1690-1710 zone
2. Narrowing Bollinger Bands on daily charts
3. Price crossed above 20 SMA daily
4. Resistance at 1838- 1845
5. Positive Divergence on RSI --- Price formed new low but RSI is rising .
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Kotak bank at strong support lineStrong support limits the downside
Good quarterly result declared.
Great risk reward ratio
KOTAK BANK TRADING IN CHANNEL PATTERNRefer chart for details
Stock name : Kotakbank
Pattern : channel
Timeframe : Daily
Kotak Mahindra Bank is ready to fly in blue sky?Hello Guy's,
Kotak Mahindra Bank chart looking very attractive, we can see Falling resistance trendline breakout and pull back pattern, and it has formed double bottom kind of pattern too, and today Kotak Bank has posted September quarter result also, Results are mind-blowing, I will write it down here,
Sales has come 13717Cr, which is increased by 37% YOY
EBIDT has come 3581Cr, which is increased by 427% YOY
Net profit has come 4461Cr, which is increased by 24% YOY
EPS has come ₹ 22.45, which is increased by 24% YOY
So all parameter are showing a huge positivity for this ticker. Chances are high we can see gap up opening on monday.
ABOUT COMPANY:-
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.
Other parameters:-
Market Cap
₹ 3,51,707 Cr.
Current Price
₹ 1,770
High / Low
₹ 2,064 / 1,644
Stock P/E
20.5
Book Value
₹ 563
Dividend Yield
0.08 %
ROCE
6.86 %
ROE
14.2 %
Face Value
₹ 5.00
Debt
₹ 4,18,307 Cr.
EPS
₹ 86.4
PEG Ratio
1.06
Promoter holding
25.9 %
Intrinsic Value
₹ 944
Pledged percentage
0.00 %
EVEBITDA
17.6
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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KOTAKBANK - Weekly AnalysisIn the Weekly Chart of KOTAKBANK ,
we can see that, it has mad a bounce back from trendline.
Possible momentums are shown in chart.
KOTAKBANK | Clear sight on the target ?KOTAKBANK | Clear sight on the target ?
CMP : 1765
SL : 1690
Target : 2000
1:2+ risk reward setup
Kotak Bank - Make of Break
Kotak Bank has multi year support of the demand zone marked by blue dots and green rectangle. But, stuck up in a B Market profile as marked by grey triangles with tail (Bearish in nature). It is going to come out today from here. So, today's candle is very crucial.
I would advise to watch only if yesterdays candle of 12:53 is not broken today and on 14th. If so, on 16th it will become fully bullish.
On 16th candle framed at this time 10-16-23 11:12 PM is going to play a very important role. Before, this don't keep any delivery.
Kotak Bank RSI Bullish DivergenceOn the daily timeframe chart of Kotak Bank, a noteworthy observation can be made. While the price has been forming lower lows, the Relative Strength Index (RSI) is displaying a pattern of lower highs. This development indicates a bullish divergence on the RSI, which presents a potential opportunity for a swing trade.
Entry:
To capitalize on this bullish divergence, it is advisable to consider initiating a long position after the opening of the next candle. This will allow for confirmation of the divergence pattern and potentially capture any subsequent upward movement in the stock's price.
Stop Loss:
To manage risk effectively, it is recommended to place the stop loss below the previous swing low, taking into account a suitable buffer. This precautionary measure ensures protection against unexpected price declines and helps to preserve capital in the event that the trade does not unfold as anticipated.
Targets:
For this swing trade setup, two distinct target levels are identified on the chart, referred to as Target 1 and Target 2. These targets correspond to the next resistance levels that the stock may encounter during its potential upward movement. Traders may consider taking profits or adjusting their positions accordingly upon reaching these predefined targets.
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Kotakmahindra -long In weekly charts ,
price did breakout of a symmetrical triangle and it was followed by a descending wedge pattern
price is at 200 week EMA
low risk entry
target and stoploss marked
Kotakbank Buy ideaKOTAKBANK showing signs of bullish and can rally beyond 1900 levels. A closer watch and move beyond 1780 is going to act as breakout for up rally.
Range play in Kotak BankKotak Bank (W) bounced from 200wema and from strong support range. Buy Kotak 1745 till 1710 for 1765/1790/1825 and 1950. Stop below 1690 on weekly closing basis. Risk reward is highly favourable for swing traders.
