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Kotakbankltd

KOTAKBANK : W Pattern Kotakbank : after downtrend in hourly charts now breakout of LL LH and created W pattern. also its near Flip resistance. If resistance break and and retest it will start upward journey in hourly chart. If unable to sustain then it can go back to retest support zone. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:KOTAKBANKLong
by ChartsSpecialist
3
Wedge pattern in Kotak BankKotak Mahindra Bank consolidating in a rising wedge pattern and is taking a resistance from the resistance zone. Though,the stock is taking support at its 20 DMA. It has formed a perfect doji candle on the weekly time frame. The stock is trading around its hourly 20 ema. A trade can be initiated if the stock breaks down the wedge and an hourly candle close below the trend line(lower wedge line or 1910 price level). The stock has been holding its level of 1900 and sustaining above it. Confirmation to enter the trade. 1. Break down of the Wedge 2. Closing below 20 DMA. 3. Break down with high volume than previous day. Intraday and swing trade both can be initiated in the stock. Targets:- 1891, 1848, 1823 Stop loss :- High of the previous candle. Wait for entry in the trade. Price action near the levels should confirm the entry.
NSE:KOTAKBANKShort
by Mambotrade
KOTAK BANK LONGKotak Bank reversing from a very strong support zone. Only go long in this stock if BANK NIFTY sustains above 36000 zone. If the bank nifty falls, we can see it falling smoothly to lower levels. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:KOTAKBANKLong
by simple_trader2022