KOTAKBANK trade ideas
Flag Pattern breakoutAs banking sector is in tremendous pressure due to possibility of high NPAs & Poor Asset quality. Here is an example of Kotak Mahindra Bank showing Bearish Flag Pattern and recent breakout. I believe it has not much to suffer due to it's Strong fundamentals, According to my analysis I will predict it's Low around and above 1000.
kotakBank long for short term.fundamental good and available on discount price for BTST or short term period chart sgows upside breakout will take initiative soon and reach range @1230
Short for a target of 1160This is my 1st Chart. Im just beginning with Charts. Kindly correct me if anything is wrong.
Short Kotak bank for a short term target of 1160. But once it reaches Trendline Support near 1150, it may shoot back upto 1300.
Kotak Mahindra bank Elliote + Price action breakdownHello Friends
Don't Take any trade its just view we get a better opportunity of confirmation trade in it After breaking it out !!
Waiting for new control price
According to Elliote wave its target toward 263
30 min
Lol I am confused in it
Thanks
Kotak Bank | Price in the Q4 ProfitsTechnical Analysis
If you look at the MACD on the 3 Hour chart you can see a bullish convergence with a crossover nearby.
- RSI Showing similar pattern which played out on April 8th, same goes with the MACD.
- Kotak recently retested the strong support line as shown in the chart.
Fundamental Analysis
Kotak Mahindra Bank reported net profit at Rs 1,267 crore on Wednesday, beating Street estimates. The bank saw a huge spike in provisions as it prepared for Covid related contingencies.
All revenue segments of the bank saw decent growth. Revenue from corporate banking grew to Rs 3,707.88 crore in this quarter from Rs 3,314.66 crore in the corresponding quarter last year. Retail banking revenue jumped to Rs 3,757.21 crore from Rs 3,577.30 crore and treasury revenue to Rs 1,765.38 crore from Rs 1,505.16 crore.
Read more at:
economictimes.indiatimes.com
KOTAKBANK - GO SHORT FOR A TARGET OF 780 BY JUNE ENDKOTAKANK - GO SHORT @ 1234 WITH A SL OF 1377 AND A TARGET OF 781. TARGET SHOULD BE ACHIEVED BY JUNE END
KOTAKBANK- SWING - LONG - 13.MAY.2020 (Risk Reward 1:7)Reversal with high volume at the support level.
It also offers good RR of 1:7
Entry - 1165
SL - 1135
Target - 1380
Kotak Bank | NSE AnalysisComing week is rough for the banking sector as Bank Nifty shows signs of weakness with a converging MACD. Just trade the range.
- Kotak Bank MACD also showing signs of weakness. Based on how it plays out on Monday I will update this trade.
-Kautilya.K
Kotak mahindra short term LONG !Looking good on a LTF. Bought into it, let's see how it goes. Although I will be watching this very closely for Sell signals. Will update when required.
- Kautilya.k
Kotak BankPerfect short between 1367 - 1390 range.
Sl - 1397
support 1346
Target is huge in downside.
Kotak BearishSupport - 1234/1213/1152
Resistance - 1257/1278/1310
Target - 1217/1197
Time - 1-2 week
Kotak Bank Long call TargetsTargets as per trend lines till expiry. Already holding a long call on this.
VWAP Details:-
20-Apr-2020 1,193.96
21-Apr-2020 1,139.48
22-Apr-2020 1,143.24
23-Apr-2020 1,219.86
24-Apr-2020 1,240.67
27-Apr-2020 1,300.57
Most probably I will book profit tomorrow.
Please share suggestions or any idea.
Bullish on Kotak on 1D chartIf it breaks the triangle, then it will go upto 1417.75.
If it falls then it will take support at 1160, then it will rise till 1417.75 (22% gain)
#wait for Triangle break outKOTAK looks bullish and if it can break 1250 tomorrow high chances of advancing to 1300.
# W bottom support from 1222if it can survive around 1222 high chances of W bottom break out and 1300 level is possible
