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Kotakbankreversal

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. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:KOTAKBANKLong
by ChartsSpecialist
3
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.
NSE:KOTAKBANKShort
by Mambotrade
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 ---------------------------------------------------------- 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)
NSE:KOTAKBANK
by singajai