KOTAKBANK trade ideas
TARGET ACHIVED ON KOTAK MAHINDRA BANK. SHORT TERM TRGT ARCHIVED IN SOME DAYS EXPECTED
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Trendline Break Out Hey Guys, please support - Hit Like.
According to My studies, Kotak Bank has broke Trend lines, I have also mention first and second Short term Target. Also observing RSI level getting strong and after few days it will be in overbought zone. It is a chance to get quick 10-15% in 3-4 trading sessions. I want to also mention that it is not a great level to get in for long term as financial sector might stay in pain for some time. So, if you have any plans to get in any financial stocks please be aware and strictly follow your target and SL. Please like the post.
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KOTAK MAHINDRA IS A BUY !My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one.
Bullish Signals
The daily candle formed a bullish engulfing candle.
The Stochastic RSI is oversold and is attempting a reversal.
The MACD on the Daily is converging and had a bullish crossover on the 4H.
This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals.
-Kautilya.K
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.