KOTAK buy for intraday tradingKOTAK buy for intraday trading if stock and BANKNIFTY was also strong then we will enter in trade...
KOTAKBANK trade ideas
Kotak - still 1830 area holds as resistancekotak - still holds upper line as resistance , weekly close above 1830 can open doors for upside however as of now it seems like lower bands are slowly shifting up.. possible after rate hike in India banks will give a breakout on upside. near term support 1700-1680
strong support 1500-1520 and 1400-1420
expect to trade side ways in range of 1680-1840 till a break out on either side.
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.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Kotak Mahindra Bank - Long OpportunityI was looking at Kotak Mahindra Bank on 1h chart and price is at the buy zone as per ProTrader set up. A retracement to under 1788 is likely but I am of opinion price will attempt to reach marked levels eventually.
For the curious types, the levels are plotted automatically by my ProTrader script and I have seen the targets taken out on many occasions. That is the reason for my view.
Let's see how it pans out.
Users are always welcome to reach me.
