KOTAKBANK FUT broke out of triangle pattern on an hourly charts with increase in OI suggesting long build up. Could be bought with mentioned stoploss & target.
Keep an eye on Kotak Mahindra Bank's V-shaped recovery. A breakthrough in the resistance level could pave the way for an upward trend.
Kotak Bank is currently trading at a major monthly support level. It may be a good time to plan for long-term investment.
Kotak Mahindra Bank fell 10.87% today to reach levels of 1642 today which was first achieved approximately 4.5 years back. This fall was because of the news that RBI has barred Kotak from onboarding new customers via online, mobile channels. This is because the tech of the company is not up to the mark causing a lot of inconvenience for customers. These are very...
First Head & Shoulder pattern will BO the target is mentioned. (This month) & Descending Triangle BO will be the move in Next month(April). Short term target as mentioned in chart. Happy Trading
This stock is trading in bearish channel... now it is at the channel break out... on top side this wants to test the supply zone at 1800 levels. If price breaks the trendline to topside, price will again fall from this supply zone area. keep looking for short side continuation from this supply zone or breaks the trendline on bullish side and retrace to enter short side.
This stock is now in completely consolidation stage. A strong Rally base Rally is observed in this stock from 1300 levels... consolidation to manipulation will be observed below the support levels... then chances of distribution is more.. so look for long, one more rally indicating long opportunity in this stock price.
In higher time frames this stock is trading in a range...from long time now this stock price is at its demand zone.... multiple times price takes the support from this levels... If price comes to 1700 levels, then also keep in long side... no short is recommended in this stock...keep looking for long opportunity as long as price is above 1700 levels.
Kotak Mahindra Bank Ltd. CMP – 1818.55 Market Capitalization Rs 3,61,442.6Cr Red Flags:🟥 Declining cash from operations annual FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Promoter holding increasing Previous Happy Candles Number – 41/100 New Happy Candles Number – 51/100 Fresh...
The large cap bank set out an impulse in march 2023 and since then has been in a complex corrective mode and retraced more than 705 of the wave i. This provides a good entry and a good risk/reward from CMP to enter the stock with a good risk reward(5% vs 23%). sl 1635 target 2110
Kotak Mahindra Bank making higher low each day from April. With strength in bank nifty it will help kotak to break its immediate target of 1999.15. So according to my analysis I would recommend one to go long on kotak with stop loss of 1930 for the target of 2100 if the kotak break 1999.15. Kotak will show strength and go up from now. This analysis is based for...
After filling the bullish gap price is showing bullish pressure.... this stock is trending downwards from several days... now this is turned to be bullish....keep in long side... If sellers unable to push the price downwards again buyers will take this to higher levels...
The stock is trending downwards.... price is now near to bullish gap...a strong rise is observed from this gap... If it is a bullish turn price will take the support from this area... then look for buy side.... If this area pushes the price upside...we will on long side until the trendline... again will look for sell at trendline if no break detected. If It is a...
After a strong fall price is slowly coming upwards to test the supply zone. reaching the supply zone in a bullish channel... now price is near to its previous demand area ...if this acts as resistance price falls. if acts as support again reach the upside... we have bullish gap left below....keep track these zones..
Observations:: price clears all the demand zones on bottom side... Area of interest to sell is 1910 and 1940 range. now price is coming back to test the if the previous demand zone acts supply zone price fills the gap on bottom side @1760 range..
Observations:: Left Shoulder: @1980 Head @ 2060 Right Shoulder :: if forms @ 1980 we have a strong neckline @1860, which will push the price up to right shoulder again.. if price breaks the neckline will observe a retracement to neckline or 1900 zone, then look for sell until the bullish gap finished on bottom side @ 1780-1770 levels.
Observations:: ----->> The stock is facing resistance multiple times from the resistance zone @1980. It is broken the trendline and retested the supply zone and waiting for breakout ot breakdown. if it wants to test the Supply one more time or breakout above the resistance @1980. Dont forget the demand zone, it will acts as a support. And this will take the...
Observations:: Test of Supply one more time to false breakout or continue fall Broken the trendline and retest is observed, it will fall or raise towards the resistance. Facing resistance @ 1980 zone. Keep 1st target @1870 levels, may price rise again. we have Bullish gap left @ 1780 levels, Before going to fill this gap can we expect any up move towards...