KOTAKBANK trade ideas
Trading Pennants You can see a pennant formation in this dailychart of Kotak Mahindra, most likely to give a breakout. Pennant A gave a breakout but sellers took the hold and price again tested the support level and again buyers took the charge. Stock has touched 1702 support level many a times never breaking down. Buyers always take the hold of it whenever it touches the support level. A solid consolidation above the support line, along with two pennant formations, predicts a good upcoming rally which may touch the resistance level around 2000. Target Price-2025, SL- 1700.
KOTAK MAHINDRA BANK as on 06.08.2021FALLING WEDGE PATTERN FORMED!!
Breakout candle also formed!!
MACD showing strength!!
RSI above 60!!
SAME PATTERN FORMED IN A WEEKLY CHART TOO WITH BREAKOUT!!
Flag formed in a Monthly chart with a breakout candle!!
EMA 5DEMA crossing 13 and 26 DEMA in day chart!!
SO many confirmations!!
CAN MAKE A NEW HIGH!!
TARGET=1900/2000
STOP LOSS= 1750/1630 OR TRAILLING STOP LOSS!!
(THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DO NOT TAKE IT AS ANY BUY OR SELL CALL)
Long Trade opportunity in KOTAKBANKThis scrip had brokeout from a triangle pattern few days back, now it looks like sort of consolidation for me. It is now trading between the demand zone and trend line resistance and there is a high probability for a bullish move in this scrip.
So after analysing my view on your own you may long this scrip now and may have your Stop Loss just below the demand zone with first target of Rs.2000
KOTAK MAHINDRA BANK AS ON 04.08.2021A GOOD ANTICIPATORY BUY CALL COMING FROM MACD AND EMA !!
Volume is high compared to last 5 days!!
can make A HIGH OF 3-5%
STOP LOSS= GO WITH TRAILING STOP LOSS !!
Can check this stock for next 2 days for PROFIT!!
(ONLY FOR STUDY PURPOSE DO NOT IT AS ANY BUY OR SELL CALL)
KotakBank - ShortKotak Bank CMP - 1642 *Positional Trade* Looking bearish in higher time frame. One can go Short with mentioned key levels in chart.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose