KOTAK BANK : Near to strong support 1300 after fall down
Updated
#KOTAKBANK is falling since Q1FY21 result announced. Today stock hit the level 1300 which is strong support and bounce back, closed above. We can see high OI built-up on call side.
Showing Bearish result in Technical Parameter:
CCI is treading Down
RSI is treading Down
William %R is treading down
ROC is treading down
DI+ crossed below DI- on both daily and weekly chart
MACD crossed signal line below
New shot position
High increase in Call OI compare to Put
Decreasing RS -Benchmark and Sectrol index
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Resistance : 1340 and 1351
Breakout : 1328
LTP : 1317
Breakdown : 1309
Support : 1300 & 1280
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Positive & Negative Point:
1) Neutral in Weekly/Monthly chart
2) Very Bearish in Daily chart.
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Showing Bearish result in Technical Parameter:
CCI is treading Down
RSI is treading Down
William %R is treading down
ROC is treading down
DI+ crossed below DI- on both daily and weekly chart
MACD crossed signal line below
New shot position
High increase in Call OI compare to Put
Decreasing RS -Benchmark and Sectrol index
----------------------------------------------------------
Resistance : 1340 and 1351
Breakout : 1328
LTP : 1317
Breakdown : 1309
Support : 1300 & 1280
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Weekly/Monthly chart
2) Very Bearish in Daily chart.
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Trade active
As told 1300 is strong support, stock reverse from level 1302 and crossed the breakout level
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