KOTAKBANK trade ideas
Kotak Looking Weak - Check the Levels pf possible breakoutKotak Looking Weak - Check the Levels pf possible breakout
KotakBank KotakBank
Given symmetrical triangle Breakout
Can go long with Stop-loss of 1868
for target of 1924, 1964, 2016,& 2049
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Symmetrical TriangleKotak bank looks like symmetrical triangle pattern breaking above the supply zone (marked on red) expected price levels
marked on the chart
Let' see...
kotak bank going to be bullish in coming days?hello Fellow traders, I hope everyone is doing well
I found a bullish flag and pole pattern on Kotak Bank which took support at major support level and we can see 21 and 200 MA crossover which is also a bullish sign. Targets have been mentioned on the chart
let me know your views on kotak bank
KOTAK MAHINDRA BANK AnalysisKotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management.
Right now, According to the wave theory, Impulsive waves are countered recently by the Corrective wave by making lower low than the previous corrective wave.
Also, there is a Demand zone below from where we can expect a bounce.
There is a Resistance level at the top. This level is fresh and thus may be broken also.
So, wait for the price to bounce at the Resistance level, and then we can short our stock.
KOTAKBANK
KOTAKBANK, BEARISH DIVERGENCE IN DAILY CHART
15 min Chart
Break-Down for Targets 1910 & 1880
With SL Above 1970
Disclaimer
I am not SEBI REGISTERED Analyst
My Studies are Educational purpose only
Consult with your financial advisor before trading or investing
Kotak Bank LongExpecting a reversal from the current levels for a target 1900/1950. Moreover this stock is underperformed. Can add to the folio at current levels with an sl at 1760.
Swing TRADE
Buy KotakBank @1830-1835
Tgt 1900/1950
Do your own research before entering
