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 trade ideas
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.
KOTAKBANK is forming an Flag & Pole PatternKotak Bank is forming an Flag & Pole Pattern.
Wait for breakout from 2000 level if safe investor (35%+ Gain).
Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain).
#Current Price - 1730-1740
#Expected Target - 2700
#Stoploss - 1650
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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Narrow Range on weekly chartKotak Bank trading in a narrow range on the weekly chart.
Buy Above 1802, SL - 1746
NOTE:- Please maintain good Risk to Reward as per your risk appetite.
Kotak Mahindra BankOn daily time frame kotak mahindra bank formed inside candle towards downside,if it breaks 1728 then more weakness can be seen.
OR
Strong above 1745 only.
KOTAK BANK -suggesting a swift DownsideKotak 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
Stock is taking multiple support at the level of 1650.
Bank has formed a lower high and has breached its swing low support on a closing basis. RSI is losing momentum and has breached the trendline support. MACD has formed a bearish crossover and is sustaining below its zero line
bottom out kotak mahindra bankBullish on kotak mahindra bank
1.Fundamental analysis opportunities
lowest PE and PB in a decade
2.Technical analysis opportunities
multi year channel pattern
good entry level at 1650
40% upside potential
Kotak Levels For 28sep2023We should consider a time correction following the breakout at the 1770 level before considering a long trade. If the market opens with a gap-up, we should contemplate a short trade with a target set at 1770.
Kotak Bank CMPKOTAK Mahindra bank is at Attractive Level (Accumulation Zone) after a Sharp downtrend If it get Buying tomorrow we can expect a Reversal and Chart are Self Explanatory
Fundamentals very Good Stock HIGH CAGR OF AROUND 35% and on A Long term stock can Give Consistent returns
(I am not a SEBI Registered) and it’s not a buy/Sell just Sharing my Analysis
KotakBankHere, is the daily time frame of Kotak bank Chart...
In the range currently, can give significant move once it breaks....
kotak bank share analysiskotak mahindra bank is in attractive price zone if break 1740 , then target of buy is 1700, 1700 break then target of buying is 1650 ,1650 is most hard support
Kotak Mahindra Bank formed W pattern in Daily CandleI am NOT A SEBI REGISTERED ANALYST. Please do your own analysis
Kotak Mahindra Bank formed W Pattern on Daily Candle.
Entry -> Above 1845 level closing in daily candle
Target -> 1985
SL -> 1800
Note: Correction might happen after reaching 1845 till 1810 to 1815 levels
Kotak Bank - Strong Support Zones
Kotak Bank has a strong support at the white dotted trend line. If it breaks from here major support is at 1678. drawn by horizontal white line. Things will stabilize today with 3- 3:15 candles and improvement will come from 22nd. Buying is to be done only on Monday after 2:30 candle on Monday after due diligence.
"Today, market is watch only till the end and then major opportunities will come to buy."
From Monday, it is likely that market will pick up & there will be recovery till 29th of September 2023. But, markets do surprise so please adhere to the levels prescribed. But, markets do surprise, do not be in haste.
I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision. This is only for educational purposes.
KOTAKBANK Expecting correction from here!!I believe that the impulse wave is now complete and we may see a correction from here which can go deeper as well depending upon the sentiment of the global markets in coming days.
NFA!!
Soon 20% gain Bullish
Long time accumulation happening
Bank to rise soon
Fundamentally strong
Good financial of company
Cup and handle
Down 10% from high after Cup and handle.
Bullish on the stock
