Kotak Bank Kotak Bank CMP 1813
Gann Date : 16-Sep-23
Trend defining level : 1816 (Magic Level)
Magic Level above - Buy
Magic Level below - Sell
SL always 2% from Magic level.
KOTAKBANK trade ideas
KotakBank Investment IdeasTwo places where I see investment opportunity for short term target in KotakBank.
Though the target is 50 rs + only.
Kotak Mahindra Bank ready for upside For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Good Move In KotakKotak Mahindra Bank making higher low each day from April. With strength in bank nifty it will help kotak to break its immediate target of 1999.15. So according to my analysis I would recommend one to go long on kotak with stop loss of 1930 for the target of 2100 if the kotak break 1999.15. Kotak will show strength and go up from now.
This analysis is based for educational purpose this does not guarantee for investment purpose please contact your financial advisor before investing.
Please write me if you see any drawback or any modification in the analysis.
KOTAKBANK--Bullish view??After filling the bullish gap price is showing bullish pressure....
this stock is trending downwards from several days...
now this is turned to be bullish....keep in long side...
If sellers unable to push the price downwards again buyers will take this to higher levels...
Kotak Mahindra BankBullish on KM Bank.
1. Made a flage patternon a higher tf
2. It has filled the GAP
3. It has retested the 38.2% fib levels twice
4. It has formed a double bottom on 3hr tf
5. There is a huge GAP around 1970
Long KotakBank
Kotak Bank appears to be in the process of forming a Gartley pattern. According to this harmonic pattern, the projected target price is approximately 1903
Rules for this pattern:
However, in order to qualify as a Gartley pattern, the following rules should be qualified:
Point B retracement of the original XA leg should lie between 0.618 and 0.786 level.
Point C should lie between 0.618 and 1 of the retracement of AB leg but should not cross Point A. As shown in the below example, Point C lie between the above-mentioned levels.
D is not a point but rather a zone from where the price is likely to reverse, popularly known as Potential Reversal Zone (PRZ), which is arrived after satisfying the below two parameters:
a. 0.786 retracements of the primary XA leg
b. AB projection is either 1.27 or 1.618.
10% and 28% gain in 9 months 10% in 1 month and 28% gain in 9 months .
Good companies
Good results
Cup n handel pattern
KOTAKBANK--Near its Bullish gap??The stock is trending downwards....
price is now near to bullish gap...a strong rise is observed from this gap...
If it is a bullish turn price will take the support from this area... then look for buy side....
If this area pushes the price upside...we will on long side until the trendline...
again will look for sell at trendline if no break detected.
If It is a continuous fall it will reach the 1680 and 1700 levels...
gap filling of kotakmahindrakotak mahindra will soon fill the gap area from 1790 to 1770 in coming days
#Kotakbank next harmonic#Kotakbank next harmonic
this harmonic will be invalid above 1827 closing basis
CMP:1791.45 @13 August 2023
Kotak - BullishKotak on 30 min TF now in ascending triangle and ready to breakout upside. Once this breakout done it will reach 1980 and then 2020.
Long in Kotak bank weekly timeframeLong in Kotak bank weekly timeframe. Price action trading looks strong
#KOTAKBANK - RANGE BO#KOTAKBANK - Range Break out expected
Wait for candle closing above resistance on day closing basis
KOTAKBANKKotak bank looks good for long. It may be bottom here as it has touched the trendline 4th time.
KOTAK is finally moving.1. Kotak Bank weekly chart. Has been a late mover, but has closed with a solid bullish bar at the 1980 resistance level after a bullish RSI divergence.
2. Breakout could lead to 2200 and all time highs thereafter.
❤ & follow for more.
Kotak Mahindra Bank LtdCONSOLIDATING FOR 150 WEEKS IN THE RANGE OF 1640 - 1980
Banking stock with highest interest coverage ratio
Breakout above consolidation zone will take the stock to all time high - SL 1638
Market Cap
₹ 3,77,511 Cr.
Current Price
₹ 1,900
Stock P/E
25.3
Book Value
₹ 487
Dividend Yield
0.08 %
ROCE
7.37 %
ROE
15.4 %
Face Value
₹ 5.00
Promoter holding
26.0 %
EPS last year
₹ 75.1
EPS latest quarter
₹ 23.0
Debt
₹ 3,65,235 Cr.
Pledged percentage
0.00 %
Net CF
₹ -9,910 Cr.
Price to Cash Flow
-304
Free Cash Flow
₹ -2,203 Cr.
Debt to equity
3.76
OPM last year
20.9 %
OPM 5Year
20.6 %
Reserves
₹ 95,673 Cr.
Price to book value
3.88
Int Coverage
2.36
PEG Ratio
1.31
KOTAK Bank Kotakbank CMP : 1845 looking goodKOTAK Bank
Kotak bank CMP : 1845
Kotak Bank attempts to climb after taking support from a bullish trendline. SL 1811 is strict, so if it crosses 1850, it might also touch 1870 , 1900.
This is purely for educational purposes.
I am not a registered financial advisor with SEBI. Please communicate with your advisor before making an investment.
KOTAKBANK Analysis??After a strong fall price is slowly coming upwards to test the supply zone.
reaching the supply zone in a bullish channel...
now price is near to its previous demand area ...if this acts as resistance price falls.
if acts as support again reach the upside...
we have bullish gap left below....keep track these zones..
Kotak bank good going after 1904Kotak Bank giving good raise after breaking up resistance 1904, second target 2000
Kotak Bank Investment opportunityKotak Bank is at Support level.
CMP: 1861
SL: 1815
Target 1: 2230
Target 2: 2400
Reason 1: Fibo Support level at 0.58
Reason 2: Inverted Head & Shoulder Pattern
Segment: Equity Delivery
9834 621 628
Big Player buying KotakBig Player buying Kotak
1770-1740 has demand zone .. this bank is in range 1650-2000 for last almost 3year
