Best buy zones for #Bottomfishing in #KotakMahindraBankBest Buy Zone: 1500 - 1700
Good Buy Zone: 1700 - 1800
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
KOTAKBANK trade ideas
Swing Trade #KotakBankPlease note the time graph is on Weekly.
Best Possible Entry - 1725-1730
SL - 1645-1650
Target - 1950-2050
Please hit the like button if you like the idea.
Share you thoughts via the comments if you have any also if any stocks to be looked at.
If you liked the current idea and previous ideas please follow to keep the postings updated.
KOTAK MAHINDRA BANKKotak Bank is still following the Downward Channel with no near time hope of recovering.
Took Support near 1720 but the pattern shows that after a little consolidation it is continuously falling.
Volume is reducing.
It is Trading below 200 EMA on Daily Timeframe.
50 EMA is showing resistance continuously on 1 Hour chart.
Resistance Levels are 1790 - 1888 - 1938 - 1995 - 2046.
Support is at 1720.
Safe traders to make long position above 1790 -1800 only when this level is atleast tested once with Tgts 1888 - 1938 - 1995 - 2046 and StopLoss @ 1720.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
KOTAKBANK - Possible Bullish ReversalNSE:KOTAKBANK is currently trading at one of the important support formed by a Fibonacci cluster as well as on a trend line. Additionally, it's near the Harmonic PRZ level of Bullish Butterfly pattern. Volume Zone Oscillator is also near the lows. If it can hold above 1810 level,Odds are that it might reverse from this level towards target #1 (1862) and then target #2 (1970).