KOTAKBANK trade ideas
Kotak Bank - Big Move Expected - Possibly Lower SideToday Kotak Bank clocked highest ever daily volume which was primarily generated during last 30 mins of Trade. A whopping 70 Mn plus shares volume.
Inspite of this thrust the share couldn't push beyond or even touch it's upward rising multi year trend line (excluding Covid Period).
This indicates sharp offloading of shares at higher level. Expect extremely sharp moves in the script with higher possibility of fall.
KOTAKBANK - Elliott wave analysis - buy set upKOTAKBANK - It is in 5th of C wave up in ABC zigzag move up. Go long with stop loss below 1517 for target above 1615 or higher. There is a chance of stop loss to trigger, so stay small in quantity and re-enter in trade with stop loss of new low if it invalidate once. The trade set up looks high probability of 5th wave up.
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KOTAKBANK (NSE) - Elliott wave analysis KOTAKBANK (NSE) - It is within C wave probably after B wave finished in flat correction. so stay bullish with stop loss below 1300 for C wave up in small pull back. The total ABC correction is the part of (B) wave, which will further going down for (C) big wave down towards 1180 or even lower.
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