KOTAKBANK
KOTAK MAHINDRA BANK AS ON 04.08.2021A GOOD ANTICIPATORY BUY CALL COMING FROM MACD AND EMA !!
Volume is high compared to last 5 days!!
can make A HIGH OF 3-5%
STOP LOSS= GO WITH TRAILING STOP LOSS !!
Can check this stock for next 2 days for PROFIT!!
(ONLY FOR STUDY PURPOSE DO NOT IT AS ANY BUY OR SELL CALL)
Kotak Mahindra Short Term TradeEnter @ 1725 or after Breakout of the Triangle Pattern
Target - 1968
SL - 1625-1540 (Based on Risk)
Risk Reward Ratio - 1.5:1 - 3:1
The stock has been consolidating for nearly 260 Days and is ripe for a breakout towards all time high and india's top brokerage houses have recommended it too.
KOTAK BANK | Falling Wedge | Swing Trade ideaKOTAKBANK is following a falling wedge pattern/Descending triangle pattern with high demand in the rectangular area. The stock has been consolidating for the past few weeks and is awaiting a big move. MACD shows little or no momentum in the last two months. The stock is currently just below the 200 MA consolidating. It has a higher chance of breaking out upside in the coming days.
The trade can be taken with an RRR of 1:5 after the breakout. First target (1:1.5) is 1830, second target 1905(1:3) and final target is 2000 - (1:5).
CMP - 1735
Wait for the breakout to enter.
Sharing for educational purpose only.
KotakBank KotakBank
Formation of ascending Triangle.
No long till the level of 1850 cross
& holds successfully by the bulls.
One should Sell kotak bank now or on Rise upto 1800
with Stop-loss of 1830
for the target of 1765 - 1750 - 1733 - 1705 - 1671 .
Formation
Key Levels are Mentioned on chart
MACD IN DAILY
DMI ADX Bearish
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Kotak Bank - getting ready for breakoutKotak Bank is forming a tight range from the last many trading sessions.
Multiple times it has tested support at 200 EMA. Also, it's forming higher lows with each bar as clear from the bottom trend line.
On breakout above the top trend line, it can show a good move till 1900-1950+ in short duration.
From the breakout done by Banknifty - the move is imminent.
Please do your own research and then take a position in the stock.