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KOTAKBANK

KOTAK MAHINDRA BANK AnalysisKotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. Right now, According to the wave theory, Impulsive waves are countered recently by the Corrective wave by making lower low than the previous corrective wave. Also, there is a Demand zone below from where we can expect a bounce. There is a Resistance level at the top. This level is fresh and thus may be broken also. So, wait for the price to bounce at the Resistance level, and then we can short our stock.
NSE:KOTAKBANKShort
by alphadecodetrade
KOTAKBANK - Breakout at support - Short term swing/Intraday This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Trade logic with SL and Target is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general. Similar breakout in ICICIBANK - Have a look
NSE:KOTAKBANKLong
by AdityaKarn90
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