Ready to breakout?A very nice bullish consolidation for a few months now. Could move up 10% from this level. Maintain SL.
KOTAKBANK trade ideas
Triangle Pattern in Kotak Mahindra Bank#SwingTrading #TrianglePattern #KOTAKBANK
Triangle Pattern in Kotak Mahindra Bank.
KOTAKBANK TARGET HIT| REVIEW | LESSON LEARNED| NEXT TRADE SETUP NSE:KOTAKBANK
Today it open gap down, so it is to follow the trade plan as per no.3 from my previous post on KOTAKBANK.
Review and what we learned from Today.
#1 As per trade plan, we have to avoid first 15-20 min to get it cool down. Today we saw a huge volatility in this initial period.
What we leared : Always to avoid trade in initial 15-20 min.
#2 RSI Bullish Divergence: One of the main signal for today to confirm was weather it is a bullish divergence or not.
Whenever such divergence forms then there will be always a trap at the beginning of session.
For Example If bullish divergence is getting active then there will be a bear trap that happened today. Stock went to such a low level and recovered so quickly to trap the trader on short side. And I had posted in MGL case when there was bearish divergence was forming. I will give the link of it for your for information.
In this MGL, it created bearish divergence and in beginning of the session it gave bull trap and then it went down so badly.
What we leared :Wait for the signal or our trend to get confirmed as per our trade setup.
#3 After that it starts to trade above 1720 range and as per our trade setup no.3 , it is a signal to go long in trade. And it hit our target of 1743.
What we leared :Always follow your trade plan and stick to your trade levels.
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Now next trade setup for this week.
It is simple, all the levels marked on the chart will work as support, resistance and target on respective day with price action near that level.
For example,
1) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes down and it takes support from 1728 range then it will be a buy trade above 1730 and target will be the level at which it open and then the next target will be the target mentioned on the chart.
2) If it open with gap up tomorrow, let's say 1750, then wait for 15-20 min to get it cool down, and goes up and it faces the resistance at 1760 then don't take the trade, there might be the chance that it will take support from where it has open and make the reversal.
And it if breakdown the level where it has opened then it has next support at 1728 range from this there may be the chance of reversal and again give us a buy trade.
Hence always judge price action at respective level.
Hope my ideas are helping you to understand the levels, price action and signals from the chart.
Do let me know if you have any doubt.
Kotak Mahindra BankKotak Bank cmp 1736. Hopefully wave 4 done with today's low. Though wait till day end. View invalidation now 1665. Go for wave 5.
kotak bank buyBuy from cmp to 1685
easy target 1750
Disclaimer : This is my personal analysis for study purpose not intended for trading
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.
