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KOTAK MAHINDRA BANK LTDKOTAK MAHINDRA BANK LTDKOTAK MAHINDRA BANK LTD

KOTAK MAHINDRA BANK LTD

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KOTAKBANK trade ideas

KotakBank gearing up for a recoveryKotak Bank has been taking a beating for last 3 months, and I think it's about time that it started attracting some big investments again. My view on this stock is bullish right now, and we can expect the move to realise in next 2-3 months, i.e. May 1(around the time of their next financial report). Kotak is a fundamentally strong bank, that has generated consistent revenues and even better profit margins in last couple of years. It's a good value stock that has been neutralised since it last tried breaking through it's all time high price in October 2021. It has recently jumped back up from a pretty solid supply zone, and to my eyes, it's giving all the right signals for a bullish recovery. Rationale: Strong rejection from the supply zone, at a much higher price than the last reversal. Price responding well to fib-levels, taking support at .786 retracement level. A sharp spike in long term RSI & ADX levels, slow Stochastic starting to rise Price forming a bullish Gartley pattern Long Setup: CMP: ~1750 Entry levels: Wait for retest, ideal entry should be around 1720, aggressive buyers can start accumulating already. Buyers may look to average their price until 1700. Stop Loss Levels: Low risk tolerance -> 1680-1660, High risk tolerance -> 1620 Target Levels: 1800 - 1850, long range target 1900-2000(3 month horizon) Potential upside: 15% Potential downside: 7%
NSE:KOTAKBANKLong
by sudoMode
1
KOTAK BANK : Filling the GAP downside ?5 Steps Analysis of Kotak Bank : 1. On Daily TF we can see that Stock was trade downtrend from Nov.2022 to March 2023 & made Falling Wedge Pattern. 2. On April we can see the Falling Wedge Pattern Breakout with good volume and still upside move is sustain. 3. But We can see that from last week stock made Spinning Top with High Volume and then made Doji with high volume. 4. From Last week stock mad indecisive Candles and stock going upside but volume is low. 5. Coming Days we can see in Stock can fill up the gap at downside, if Stock break the 1873 level & give closing at there the further downside we can see at 1825 level.
NSE:KOTAKBANKShort
by DeepikaMehtaCFA
3
kotak bank viewthis pattern is very similar to adani ports have been watching both stocks very closely no matter what the media says when it is looking bad on charts it is bad in real levels of below 1550 look real now as the falling trendline support is there time will tell where it make bottom all influencers and you tubers were seen promoting kotak bank for long term investment as there best bet and it is the worst performing in last 1/2 years of the major banks ie hdfc,icici,axis,sbi kotak looks worst on charts among top banks question = will invest if you see a drop in kotak bank price ? what price will you be ok to buy if share price drops from here? this type of rectangle pattern was also in hdfclife share adani ports and also this consolidation in rectangle pattern is seen in , tataconsumer, tatamotors, tata steel and some more nifty 50 stocks as well
BSE:KOTAKBANK
by Tradegainer