KOTAKBANK trade ideas
KOTAKBANK BACK IN ACCUMULATION ZONEKOTAKBANK Has come back to an accumulation zone of 1700-1730 investors and traders both can start adding positions from a medium term perspective for good gains backed by the chart structure and ahead of results coming on JULY 22
BUY - 1700-1730
TGT - 1810 , 2000
SL:1690 on closing basis
Kotak bank Kotak bank sell based on the chart pattern ,It is Bearish pennant pattern
use only long position trading
Disclaimer :- The above is shared just for educational purpose and is my personal view . by no means shall I be accountable for any loss,
I am not a SEBI registered analyst, so please consult your investment advisor and take rational decisions
KotakBank KotakBank
Formation of ascending Triangle.
No long till the level of 1850 cross
& holds successfully by the bulls.
One should Sell kotak bank now or on Rise upto 1800
with Stop-loss of 1830
for the target of 1765 - 1750 - 1733 - 1705 - 1671 .
Formation
Key Levels are Mentioned on chart
MACD IN DAILY
DMI ADX Bearish
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Kotak Bank - getting ready for breakoutKotak Bank is forming a tight range from the last many trading sessions.
Multiple times it has tested support at 200 EMA. Also, it's forming higher lows with each bar as clear from the bottom trend line.
On breakout above the top trend line, it can show a good move till 1900-1950+ in short duration.
From the breakout done by Banknifty - the move is imminent.
Please do your own research and then take a position in the stock.