Kotakbankltd
KOTAK BANK : Near to strong support 1300 after fall down#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.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
R-0112 Cash Buy KOTAKBANK @1397.00-1402 SL 1344 TGT 1500Short Term Cash Buy KOTAKBANK @1397.00-1402 SL 1344 TGT 1500
MACD cross over
About to cross TK line and good volume buy so we suggest to go long
KOTAK BANK : form of ascending broadening wedge on 15min chart#KOTAKBANK after false breakout the triangle pattern on 1 day chart, stock again enter in the pattern. Stock is forming the ascending broadening wedge after a bullish movement on 15 min chart and also shown breakdown from support line that confirm the pattern.
Showing Mix result in Technical Parameter:
CCI is Neutral
RSI is Neutral
William %R is Bearish
ROC is Treading Down
Stoch is reversing from overbought zone
New short
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Support : 1315 and 1300 and 1294
Breakdown : 1340
LTP : 1350
Breakout : 1360
Long Target : 1380 and 1400
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Positive & Negative Point:
1) Bullish in Daily/weekly and Neutral on Monthly chart
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Kotak Mahindra bank , Breakout Formation . Closing Above 1400 With Bullish Setup (Bullish Candle With Justified Volume Bar )
Can Take It to 1515,1540,1570 Levels
Technical chart analysis for Kotak Bank to trade on 22nd /Jun / Hi Friends,
I am sharing this technical analysis for Kotak Bank and its for intraday purpose to trade on 22nd Jun 2020
Kotak Bank | Price in the Q4 ProfitsTechnical Analysis
If you look at the MACD on the 3 Hour chart you can see a bullish convergence with a crossover nearby.
- RSI Showing similar pattern which played out on April 8th, same goes with the MACD.
- Kotak recently retested the strong support line as shown in the chart.
Fundamental Analysis
Kotak Mahindra Bank reported net profit at Rs 1,267 crore on Wednesday, beating Street estimates. The bank saw a huge spike in provisions as it prepared for Covid related contingencies.
All revenue segments of the bank saw decent growth. Revenue from corporate banking grew to Rs 3,707.88 crore in this quarter from Rs 3,314.66 crore in the corresponding quarter last year. Retail banking revenue jumped to Rs 3,757.21 crore from Rs 3,577.30 crore and treasury revenue to Rs 1,765.38 crore from Rs 1,505.16 crore.
Read more at:
economictimes.indiatimes.com
Kotak bank Intraday short sellGo short Kotak bank intraday , target and stop loss as mentioned in the chart .
Losing strength on hourly chart. Over all trend is sell on rise only can keep 1622 stop for back to back sell on rise based on your own risk appetite.
