KOTAK BANK TRADE IN A NARROW RANGE SINCE LAST 4 YEARS...NSE:KOTAKBANK trade at 1785 level. Stocks weekly chart shows that its trade in a narrow range since last 4 year. You can watch for an upside move...
KOTAKBANK trade ideas
Technical Analysis of Kotak Mahindra Bank (KOTAKBANK.NS)Overview
The chart for Kotak Mahindra Bank Limited (KOTAKBANK.NS) shows a detailed technical analysis using a linear regression channel, volume indicators, and a trendline. This analysis aims to predict potential price movements based on historical data and current market conditions.
Linear Regression Channel
The linear regression channel plotted on the chart is a key indicator of the stock's trend direction and volatility. The channel is currently narrowing, which typically suggests a period of consolidation. This narrowing is happening alongside an increase in trading volume, indicating that market participants are actively trading within this range.
Volume Analysis
Volume is a crucial indicator in technical analysis as it provides insight into the strength of a price movement. In this chart, the increasing volume while the linear regression channel narrows suggests that there is significant interest in the stock at its current price levels. This could be a precursor to a breakout, as higher volume often leads to more substantial price movements.
Trendline Resistance
A trendline has been drawn based on the last three months of price data, acting as a strong resistance level. This trendline has been tested multiple times, reinforcing its significance. If the price breaks above this trendline, it could signal a bullish breakout, providing a lucrative trading opportunity.
Revenue and Market Sentiment
The recent improvements in revenue for Kotak Mahindra Bank add a fundamental layer to this technical analysis. Positive financial performance can boost investor confidence, potentially leading to increased buying pressure. Combined with the technical indicators, this suggests that the stock is poised for a potential upward movement.
Conclusion
In summary, the technical analysis of Kotak Mahindra Bank's stock indicates a potential breakout scenario. The narrowing linear regression channel, increasing volume, and strong trendline resistance all point towards a significant price movement. Traders should monitor this stock closely and be prepared to act if the price breaks above the resistance trendline.
Kotak bank can consolidate and move upwardsKotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business.
Kotak Mahindra Bank Ltd. CMP is 1790.15. The positive aspects of the company are low Valuation (P.E. = 16.5), Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years, Stocks Outperforming their Industry Price Change in the Quarter and Good quarterly growth in the recent results. The Negative aspects of the company are PE higher than Industry PE, Increase in Provisions in Recent Results and Promoter decreasing their shareholding.
Entry can be taken after closing above 1793 Targets in the stock will be 1828 and 1864. The long-term target in the stock will be 1896 and 1928. Stop loss in the stock should be maintained at Closing below 1732 or 1666 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Kotrak Bank - Cup with HandleLeading Indian Bank has underperformed since 3 and a half year. Currently presenting a good technical opportunity.
Do study the chart pattern and do not forget to undertake your own research before making any financial commitments.
Kotak Mahindra Bank, Weekly chartKotak Mahindra Bank trying to break the trendline in weekly chart. Buy with long term
Kotak Mahindra Bank Ltd intraday level for 26th Aug #KOTAKBANK Kotak Mahindra Bank Ltd intraday level for 26th Aug #KOTAKBANK
Buying may witness above 1830
Support area 1815. Below ignoring buying momentum for intraday
Selling may witness below 1799
Resistance area 1815-1820
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
KOTAK BANK - MY VIEW The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Kotak Mahindra Bank Ltd intraday level for 5th Aug #KOTAKBANK Kotak Mahindra Bank Ltd intraday level for 5th Aug #KOTAKBANK
Buying may witness above 1811
Support area 1790.. Below ignoring buying momentum for intraday
Selling may witness below 1790
Resistance area 1800-1813 . Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Short position in kotak mahindra bankShort position may arise in kotak mahindra bank soon if it closes below short term trendline of upward channel. It may be due to war scenarios or if it loses idbi stake due to which it may fall to 1650. So keep it in your radar.
Short position in kotak mahindra bankShort position may arise in kotak mahindra bank soon if it closes below short term trendline of upward channel. It may be due to war scenarios or if it loses idbi stake due to which it may fall to 1650. So keep it in your radar.
Kotak Mahindra BankKotak Mahindra Bank (KOTAKBANK) is a leading private sector bank in India, known for its strong financial performance and customer focus. This analysis delves into the bank's key characteristics to help investors make informed decisions.
STRENGTH
Healthy Profitability: KOTAKBANK boasts a healthy Return on Assets (ROA) and Return on Equity (ROE) track record, indicating efficient use of capital and strong profitability.
Asset Quality: The bank maintains a low level of Non-Performing Assets (NPAs), demonstrating its effectiveness in managing credit risk.
Strong CASA Ratio: A high CASA ratio (Current and Savings Account deposits) signifies a stable source of low-cost funding, leading to better margins.
Capital Adequacy: The bank maintains a healthy Capital Adequacy Ratio (CAR), ensuring it has sufficient capital to absorb potential losses.
Diversified Business: KOTAKBANK has a presence across various financial services, providing stability and growth opportunities.
WEAKNESS
Dependence on Retail Segment: A large portion of the bank's business comes from the retail segment, which can be susceptible to economic downturns.
Valuation: KOTAKBANK trades at a premium valuation compared to its peers. This might limit potential upside for the stock price.
Competition: The Indian banking sector is highly competitive, with several players vying for market share.
OPPORTUNITIES
Digital Banking Growth: The increasing adoption of digital banking presents an opportunity for KOTAKBANK to expand its customer base and improve efficiency.
Underbanked Population: India's large underbanked population offers significant growth potential for the banking sector.
Wealth Management: Growing disposable incomes create an opportunity for KOTAKBANK to expand its wealth management business.
THREATS
Macroeconomic Factors: Economic slowdowns or rising interest rates can impact the bank's profitability.
Regulatory Changes: Regulatory changes by the government or RBI (Reserve Bank of India) can affect the bank's operations and profitability.
Technological Disruption: Fintech companies and new technologies could disrupt the traditional banking model.
Investment Thesis:
The current market price for KOTAKBANK is ₹1815 (as of July 18, 2024). Analysts believe a bullish move is possible if the price breaks above ₹1870. Potential retracement levels are ₹1626 and ₹1300. However, it's important to remember that technical analysis is not a foolproof way to predict stock prices.
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and due diligence before making any investment decisions.
KOTAKBANK Weekly Chart Analysis: Bullish caseKOTAKBANK Weekly Chart Analysis: Bullish case
1.9/21 EMA cross on weekly timeframe(bullish)
2.Price above 200EMA(Bullish)
3.MACD Signal line above zero line(Bullish)
4.Parabolic SAR(parabolic stop and reverse) also showing reversal and Long signal.
Kotak Mahindra Bank with long upsides.It looks like Kotak Bank will make a long rally.
I have entered the trade an looks like it'll give 100% return.
#Long_Term_Investment
KOTAK MAHINDRA BANK S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Kotak bank looking bullishKotak bank gaining some strength can give a target of 2000 in short term which is the psychological level.
Kotak bank looking bullishKotak bank gaining some strength can give a target of 2000 in short term which is the psychological level.
Kotak Bank Target 200+ Elliott Wave Count:
The chart identifies a series of Elliott Waves, specifically marking waves 1 through 5.
Wave 1 starts from the bottom, wave 2 corrects 38% of wave 1, wave 3 moves higher, wave 4 corrects 62% of wave 3, and wave 5 is currently anticipated.
Correction Levels:
The chart notes that wave 2 had a 38% correction of wave 1.
Wave 4 had a deeper 62% correction of wave 3.
Annotations:
"Not retracement this wave" indicates that a certain wave (likely the recent corrective wave) did not retrace significantly.
The target is set at 2000+, suggesting a bullish outlook expecting the stock price to exceed 2000 INR.
The overall sentiment conveyed is to be aware of the stock's potential upside movement as it enters the 5th wave.
Technical Indicators:
The chart includes moving averages, with the stock price currently above these averages, supporting the bullish view.
Based on this Elliott Wave analysis, the stock is in a bullish phase, with an expectation of completing the 5th wave. The target price is projected to be above 2000 INR, indicating a potential upside from the current level around 1770.35 INR. However, always consider using additional analysis and risk management strategies before making any trading decisions.
swing pick - go long - this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- if price crosses today's high , go long
- keep candle low as sl , for tgt keep 1:1.5 Risk Reward
KOTAK BANK: The WIPRO of Banking sector!The chart is pretty self-explanatory as always. Also, as usual, below are some good-to-know pointers:
- The stock has been range-bound for 2.5+ Years with clear support and resistance
- The 2000 mark holds a strong resistance
- The stock has a death cross on its daily chart
- The PE has slightly improved
- Now to the breaking news:
- Mr. Uday Kotak has resigned as the MD and the CEO
- The market may take it either way.
- Given that the stock did not do well in the last 2.5 years, a change in top management may be viewed as a positive change
- Given that it is Mr. Kotak who resigned, It may also be considered as a blow to the bank's leadership. However, Uday Kotak still holds more than 25% shareholding in the company. He would definitely continue to be the mentor for the upcoming CEO
- The next couple weeks will tell us the overall view of the market
What do you make of this price action? Will it plunge on Monday?
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⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
KOTAK MAHINDRA BANK Keep an eye on Kotak Mahindra Bank's V-shaped recovery. A breakthrough in the resistance level could pave the way for an upward trend.
