KotakBank is trading near 1769 with highest put writing @ 1760.
HDFCBank is trading near 1567 with highest put writing @ 1560.
As long as this 2 banks dont close below 1760 & 1560 respectively on min 30 TF there are chances of Banknifty + 2 banks bouncing back from here.
Can buy Kotakbank 1760 CE & Hdfcbank 1560 CE. Stoploss 30 min TF candle closing below 1760 & 1560.
short term positional--------- buy kotak bank 1770@ or come 1764 sl 1749 tgt 1800++++ yesmade on daily chart looking hammer pattern with volume and also double bottom suport indicate it will fire for short term
Kotakbank is in the process of making cup n handle pattern on hourly charts with good OI build up.
Although it hasnt confirmed yet but i am pre empting that it ll.
Could be bought here or above breakout level of 1886 with mentioned stoploss & target.
Option Tradders can buy 1860 ce .
Kotakbank Fut made rounding bottom formation on an hourly chart with decent OI build up.
Could be bought above neckline of 1886 with mentioned stoploss & target.
Not to be missed breakout.
Kotak Bank on the Daily chart is on the verge of breakout, I am Entering into Long Position in KOTAKBANK future Around 1870 For the Targets of 1990 and Stoploss below 1815 (Time Horizon 15 Days)
Reason To Buy Kotak Bank:
# Stock Today Crosses 200 Days EMA.
# Falling Wedge Pattern Breakout Seen.
# Banking Sector Trading in Strong Momentum.
# Frontline Blue Chip...
Description : Kotak Bank at lower levels following trendline area support and at resistance zone now. if it breaks on upside more bullish it will become.
Support Area : Support at 1800-1830 and 1640-1690
Resistance Area : Resistance at 1950-1980 if broke above it then 2100 and 2300 Zone to watch for.
-kotak bank is trading in a pattern
-trendline rising and the correction is getting narrower
-wait for a range break
-ascending triangle pattern breakout is possible
kotak bank futures
buy@2030(wait for a move above (2025-2028)
stop@2000
target-1@2060
target-2@2075
target-3@2100
-wait for levels to breach
-on a higher time frame a weekly close above 2000...
the stock has taken a couple of time @ 1700 level. everytime its pushed down to 1700, it bounce back nicely. all my friend at trading view are expert themselves so i dont feel the need to explain the chart. Enjoy the rally and its time to book profits NOW. Daring trader can Short.
