KOTAKBANK : W Pattern Kotakbank : after downtrend in hourly charts now breakout of LL LH and created W pattern. also its near Flip resistance. If resistance break and and retest it will start upward journey in hourly chart.
If unable to sustain then it can go back to retest support zone.
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Kotakbanklong
KOTAKBANKKotak bank is moving at a crucial zone. Possibility of going down is high as it has reversed from the above resistance and it is heading again towards it support zone.
As the market is still on bearish side, the chances of a good downfall is more possible.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
KOTAK BANK ABCD PATTERN TRADEKotak Bank looks good on the daily weekly timeframe.
If it sustains above 1900 levels, there are chances that it will move towards 2000 -2040 levels initially.
There is an opportunity for both swing and positional trade here.
For swing, it should sustain above 1935 levels
For Positional, it should sustain above 1900 levels.
KOTAK BANK- Pullback tradeThe stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
Wedge pattern in Kotak BankKotak Mahindra Bank consolidating in a rising wedge pattern and is taking a resistance from the resistance zone.
Though,the stock is taking support at its 20 DMA. It has formed a perfect doji candle on the weekly time frame.
The stock is trading around its hourly 20 ema.
A trade can be initiated if the stock breaks down the wedge and an hourly candle close below the trend line(lower wedge line or 1910 price level).
The stock has been holding its level of 1900 and sustaining above it.
Confirmation to enter the trade.
1. Break down of the Wedge
2. Closing below 20 DMA.
3. Break down with high volume than previous day.
Intraday and swing trade both can be initiated in the stock.
Targets:- 1891, 1848, 1823
Stop loss :- High of the previous candle.
Wait for entry in the trade. Price action near the levels should confirm the entry.
Kotakbank Trade setup Idea - 15 september 2022Since all the banks have either broken the range or moved to all time high, I expect kotakbank to also join the party.
Besides Kotakbank has been hovering the resistance multiple time, it could possibily break this resistance this time.
If Kotak bank opens flat and moves above 1974, I would go long with a target of around 2000 and stop of 5-6.
KOTAK BANK LONGKotak Bank reversing from a very strong support zone.
Only go long in this stock if BANK NIFTY sustains above 36000 zone. If the bank nifty falls, we can see it falling smoothly to lower levels.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
KOTAK MAHINDRA 17 % TARGET HITTi have discusses how the 17% target of kotak mahindra has hit
i also discusssed that why heavy weights are moving these days
i also have discussed the mental psychology of the traaders near the boom
i also discussed the money flows of traders from a volatile securities to the safe side
KOTAKBANK double bottom pattern breakoutKOTAKBANK crossed the neck line of double bottom reversal pattern with high volume breakout, which is a very good indication that the stock will perform well in the upcoming days. But as you can see in the chart above a major resistance zone is present just above the close of the last daily candle. So price may retrace back from that resistance zone to the neckline creating a pullback and then finally get back into its rally to go beyond 2100 level.
So, I will suggest you to enter long in the stock once it crosses above the resistance zone, apparently above 2150 level, keeping stop loss at around 1913 and trail this stop loss to book profit.