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Kotak

Kotak Bank - Big Move Expected - Possibly Lower SideToday Kotak Bank clocked highest ever daily volume which was primarily generated during last 30 mins of Trade. A whopping 70 Mn plus shares volume. Inspite of this thrust the share couldn't push beyond or even touch it's upward rising multi year trend line (excluding Covid Period). This indicates sharp offloading of shares at higher level. Expect extremely sharp moves in the script with higher possibility of fall.
NSE:KOTAKBANKShort
by Pattern_Study
KOTAK BANK : Near to strong support 1300 after fall down#KOTAKBANK is falling since Q1FY21 result announced. Today stock hit the level 1300 which is strong support and bounce back, closed above. We can see high OI built-up on call side. Showing Bearish result in Technical Parameter: CCI is treading Down RSI is treading Down William %R is treading down ROC is treading down DI+ crossed below DI- on both daily and weekly chart MACD crossed signal line below New shot position High increase in Call OI compare to Put Decreasing RS -Benchmark and Sectrol index ---------------------------------------------------------- Resistance : 1340 and 1351 Breakout : 1328 LTP : 1317 Breakdown : 1309 Support : 1300 & 1280 ---------------------------------------------------------- Positive & Negative Point: 1) Neutral in Weekly/Monthly chart 2) Very Bearish in Daily chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
NSE:KOTAKBANK
by singajai
KOTAK BANK : form of ascending broadening wedge on 15min chart#KOTAKBANK after false breakout the triangle pattern on 1 day chart, stock again enter in the pattern. Stock is forming the ascending broadening wedge after a bullish movement on 15 min chart and also shown breakdown from support line that confirm the pattern. Showing Mix result in Technical Parameter: CCI is Neutral RSI is Neutral William %R is Bearish ROC is Treading Down Stoch is reversing from overbought zone New short ---------------------------------------------------------- Support : 1315 and 1300 and 1294 Breakdown : 1340 LTP : 1350 Breakout : 1360 Long Target : 1380 and 1400 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily/weekly and Neutral on Monthly chart ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
NSE:KOTAKBANKShort
by singajai
Kotak Bank | Price in the Q4 ProfitsTechnical Analysis If you look at the MACD on the 3 Hour chart you can see a bullish convergence with a crossover nearby. - RSI Showing similar pattern which played out on April 8th, same goes with the MACD. - Kotak recently retested the strong support line as shown in the chart. Fundamental Analysis Kotak Mahindra Bank reported net profit at Rs 1,267 crore on Wednesday, beating Street estimates. The bank saw a huge spike in provisions as it prepared for Covid related contingencies. All revenue segments of the bank saw decent growth. Revenue from corporate banking grew to Rs 3,707.88 crore in this quarter from Rs 3,314.66 crore in the corresponding quarter last year. Retail banking revenue jumped to Rs 3,757.21 crore from Rs 3,577.30 crore and treasury revenue to Rs 1,765.38 crore from Rs 1,505.16 crore. Read more at: economictimes.indiatimes.com
BSE:KOTAKBANKLong
by kautilya_k