Kotak bank can consolidate and move upwardsKotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business.
Kotak Mahindra Bank Ltd. CMP is 1790.15. The positive aspects of the company are low Valuation (P.E. = 16.5), Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years, Stocks Outperforming their Industry Price Change in the Quarter and Good quarterly growth in the recent results. The Negative aspects of the company are PE higher than Industry PE, Increase in Provisions in Recent Results and Promoter decreasing their shareholding.
Entry can be taken after closing above 1793 Targets in the stock will be 1828 and 1864. The long-term target in the stock will be 1896 and 1928. Stop loss in the stock should be maintained at Closing below 1732 or 1666 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Kotakbanktrend
KOTAKBANK--@Trading In Channel??This stock is trading in bearish channel...
now it is at the channel break out...
on top side this wants to test the supply zone at 1800 levels.
If price breaks the trendline to topside, price will again fall from this supply zone area.
keep looking for short side continuation from this supply zone or breaks the trendline on bullish side and retrace to enter short side.
KOTAKBANK AnalysisThis stock is now in completely consolidation stage.
A strong Rally base Rally is observed in this stock from 1300 levels...
consolidation to manipulation will be observed below the support levels...
then chances of distribution is more..
so look for long, one more rally indicating long opportunity in this stock price.
KOTAKBANK--Near its Demand Zone??In higher time frames this stock is trading in a range...from long time
now this stock price is at its demand zone....
multiple times price takes the support from this levels...
If price comes to 1700 levels, then also keep in long side...
no short is recommended in this stock...keep looking for long opportunity as long as price is above 1700 levels.
KOTAKBANK--Near its Bullish gap??The stock is trending downwards....
price is now near to bullish gap...a strong rise is observed from this gap...
If it is a bullish turn price will take the support from this area... then look for buy side....
If this area pushes the price upside...we will on long side until the trendline...
again will look for sell at trendline if no break detected.
If It is a continuous fall it will reach the 1680 and 1700 levels...
KOTAKBANK Analysis??After a strong fall price is slowly coming upwards to test the supply zone.
reaching the supply zone in a bullish channel...
now price is near to its previous demand area ...if this acts as resistance price falls.
if acts as support again reach the upside...
we have bullish gap left below....keep track these zones..
KOTAKBANK--H & S pattern??Observations::
Left Shoulder: @1980
Head @ 2060
Right Shoulder :: if forms @ 1980
we have a strong neckline @1860, which will push the price up to right shoulder again..
if price breaks the neckline will observe a retracement to neckline or 1900 zone,
then look for sell until the bullish gap finished on bottom side @ 1780-1770 levels.
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.
KOTAKBANK--Trendline + Retest ??Observations::
Test of Supply one more time to false breakout or continue fall
Broken the trendline and retest is observed, it will fall or raise towards the resistance.
Facing resistance @ 1980 zone.
Keep 1st target @1870 levels, may price rise again.
we have Bullish gap left @ 1780 levels,
Before going to fill this gap can we expect any up move towards resistance to test again for break.
KOTAKBANK-Consolidation+ Up move = Reversal Expected or Bullish?KOTAKBANK Observations:
----After Huge Gap of 65 Points Price moving upwards.
----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again.
----->we have a resistance at 1980 zone, we can expect the price to reach this zone.
-----> further price action is needed whether its reversal or breakout from this zone(1980).
KOTAK BANK - DEMAND HAS COMEFrom the past few experiences we have watched Kotak Bank respecting its support level of 1668, which is also a strong psychological level. The price has now come again to the zone, and also the 200 EMA is providing a support to the price on the weekly timeframe, we do have a horizontal as well as trend line support. So we should expect the price to move in upwards direction to the resistance zone of 1989.
KOTAKBANK 1D viewKotak bank breaking crucial trendline support. If the market trend continues to be bearish, we can also see a good fall in this stock.
The next target can be expected below 1700 levels.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
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
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.
KOTAK BANK- Pullback tradeThe stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume.
Now It is retracing back to the resistance level which would now work as immediate support
Support levels: 1937-1942
Resistance: 1988 and 2016
Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes.
Great Risk Reward
CMP: 1952
Immediate target: 1988 and 2016
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.
Kotakbank Trade setup Idea - 15 september 2022Since all the banks have either broken the range or moved to all time high, I expect kotakbank to also join the party.
Besides Kotakbank has been hovering the resistance multiple time, it could possibily break this resistance this time.
If Kotak bank opens flat and moves above 1974, I would go long with a target of around 2000 and stop of 5-6.