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Kotakbankshort

KOTAKBANK--1980 Or 1870.Observations:: ----->> The stock is facing resistance multiple times from the resistance zone @1980. It is broken the trendline and retested the supply zone and waiting for breakout ot breakdown. if it wants to test the Supply one more time or breakout above the resistance @1980. Dont forget the demand zone, it will acts as a support. And this will take the price towards resistance @ 1980 zone.Keep an eye @ this place. we have a strong demand zone @1870 level, if this breaks we have a bullish gap @ 1760 level.
NSE:KOTAKBANK
by IIT-Trader
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
KOTAKBANKKotak bank is moving at a crucial zone. Possibility of going down is high as it has reversed from the above resistance and it is heading again towards it support zone. As the market is still on bearish side, the chances of a good downfall is more possible. 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:KOTAKBANK
by simple_trader2022
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