KOTAKBANK trade ideas
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.
KOTAKBANK on verge of a BreakoutRounding Bottom formation showing signs of reversal
For Aggressive traders only since overall financials are underperforming the market and also on verge of a breakdown. It is a contra call since it has shown good traction in the last few days.
BUY @ CMP
SL: 1790
TGT: 1902
TIME FRAME: 3-4 Days
KOTAKBANK ::: BULLISHDATE: 30 MAY 2021
INSTRUMENT: KOTAKBANK
TREND: BUY
TIME FRAME: DAY
CMP: 1800.75
BUY ABOVE: 1815
STOP LOSS: 1746
TGT 01: 1843
TGT 02: 1902
DISCLAIMER:
We are not S E B I registered analysts.
Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging.
Let's master the markets together.
KOTAK Mahindra BANK - DARVAS BOX + RISING RSIKotak bank chart looks interesting for me, while many private and PSU banks has rallied a little bit, this bank has not moved that much and the price is consolidating is a narrow range.
And look at the RSI setup, it is gradually increasing daily which clearly tells you the price is getting ready to breakout soon.