Kotak Bank Target 200+
Elliott Wave Count:
The chart identifies a series of Elliott Waves, specifically marking waves 1 through 5.
Wave 1 starts from the bottom, wave 2 corrects 38% of wave 1, wave 3 moves higher, wave 4 corrects 62% of wave 3, and wave 5 is currently anticipated.
Correction Levels:
The chart notes that wave 2 had a 38% correction of wave 1.
Wave 4 had a deeper 62% correction of wave 3.
Annotations:
"Not retracement this wave" indicates that a certain wave (likely the recent corrective wave) did not retrace significantly.
The target is set at 2000+, suggesting a bullish outlook expecting the stock price to exceed 2000 INR.
The overall sentiment conveyed is to be aware of the stock's potential upside movement as it enters the 5th wave.
Technical Indicators:
The chart includes moving averages, with the stock price currently above these averages, supporting the bullish view.
Based on this Elliott Wave analysis, the stock is in a bullish phase, with an expectation of completing the 5th wave. The target price is projected to be above 2000 INR, indicating a potential upside from the current level around 1770.35 INR. However, always consider using additional analysis and risk management strategies before making any trading decisions.
The chart identifies a series of Elliott Waves, specifically marking waves 1 through 5.
Wave 1 starts from the bottom, wave 2 corrects 38% of wave 1, wave 3 moves higher, wave 4 corrects 62% of wave 3, and wave 5 is currently anticipated.
Correction Levels:
The chart notes that wave 2 had a 38% correction of wave 1.
Wave 4 had a deeper 62% correction of wave 3.
Annotations:
"Not retracement this wave" indicates that a certain wave (likely the recent corrective wave) did not retrace significantly.
The target is set at 2000+, suggesting a bullish outlook expecting the stock price to exceed 2000 INR.
The overall sentiment conveyed is to be aware of the stock's potential upside movement as it enters the 5th wave.
Technical Indicators:
The chart includes moving averages, with the stock price currently above these averages, supporting the bullish view.
Based on this Elliott Wave analysis, the stock is in a bullish phase, with an expectation of completing the 5th wave. The target price is projected to be above 2000 INR, indicating a potential upside from the current level around 1770.35 INR. However, always consider using additional analysis and risk management strategies before making any trading decisions.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
crypto channel t.me/HarishRao9911
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ FREE Telegram Channel 👉 t.me/HarishRao99
crypto channel t.me/HarishRao9911
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
crypto channel t.me/HarishRao9911
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.