KOTAKBANK trade ideas
Kotak Mahindra Short Term TradeEnter @ 1725 or after Breakout of the Triangle Pattern
Target - 1968
SL - 1625-1540 (Based on Risk)
Risk Reward Ratio - 1.5:1 - 3:1
The stock has been consolidating for nearly 260 Days and is ripe for a breakout towards all time high and india's top brokerage houses have recommended it too.
Short sell - Kotak Mahindra bankOn daily charts, the stock has been in a consolidation mode since many months. Today it has taken a strong resistance so we can expect it to test its support of 1690. The SL should be 1758 daily basis. However, if the stock breaks 1690 then we can expect it to test its previous support, ie 1531. Banknifty is not performing from last several months and one can expect it to under perform due to global cues.
KOTAK BANK | Falling Wedge | Swing Trade ideaKOTAKBANK is following a falling wedge pattern/Descending triangle pattern with high demand in the rectangular area. The stock has been consolidating for the past few weeks and is awaiting a big move. MACD shows little or no momentum in the last two months. The stock is currently just below the 200 MA consolidating. It has a higher chance of breaking out upside in the coming days.
The trade can be taken with an RRR of 1:5 after the breakout. First target (1:1.5) is 1830, second target 1905(1:3) and final target is 2000 - (1:5).
CMP - 1735
Wait for the breakout to enter.
Sharing for educational purpose only.
KOTAKBANK Daily Bullish ALT BAT
VERTICAL DOTTED LINE is Ultra high volume down bar Higher volume-Professionals are buying into the public selling
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY