KOTAK MAHINDRA BANK LTD
1,959.50INRR
−7.10−0.36%
As of today at 04:22 GMT
INR
No trades
KOTAKBANK trade ideas
Kotak bank is at crucial resistance zoneKotak mahindera bank has not participates in the bullish move of nifty which makes it a weak stock compare to overall market.
currently the stock is trading at crucial resistance zone which is also looks like a neck line ,If it closes above than we can expect an up move
Kind of head and shoulder pattern formation is also there.
KOTAK BANK MAY HAVE THE FUEL LEFT TO CONTINUE THE RALLYKotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes.
The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB.
So there is a lot fuel left for the rally which could lift the Bank Nifty even more.
Buy in a pullback for better risk reward ratio.
Happy trading :)
This is just for educational purposes.
Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]NSE:KOTAKBANK
Observations:
1) On 1 day time frame, we can see that it took support and bounce from 21DMA.
Please refer below chart : 1day Time Frame.
2) On 1day time frame, major resistance is at 2050 to 2054 level range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 20-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]NSE:KOTAKBANK
Observations:
1) On 1 day time frame, we can see that it sustain and tested 21 DMA and took support from it.
21DMA is placed at 1995.78 level. Also another critical level is 2000 level.
So range of 1995 to 2000 will work as critical support zone.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.