very very very dangerous pattern on 1 month chart of kotak bank destruction incoming
this pattern is very similar to adani ports have been watching both stocks very closely no matter what the media says when it is looking bad on charts it is bad in real levels of below 1550 look real now as the falling trendline support is there time will tell where it make bottom all influencers and you tubers were seen promoting kotak bank for long term...
Just go where it breaks easy trend picks buy next month CE/PE lots ur wish. profits can be booked with my targets.
The stock is currently making a corrective structure and is likely to extend further to at least 61.8 fib. level. 1500 may be a good level to watch; below that we could also see 1420. This is based on the Elliott Wave Theory.
KMB CMP is 1783 at support level, The price is swinging in between, from nov month 2020. 1700-1900(250points) level, IAM BULLISH BECAUSE HAMMER PATTERN & BULLISH ENGULFING AT SUPPORT LEVEL, TODAYS CANDLE IS A REVERSEL ON 23 jan 2023 RSI SHOWING UPWARDS, RESULTS ARE POSTED GOOD NUMBER, THERE MAY BE SOME UPWARD MOVE SL IS BELOW SUPPORT TARGET 1950
As per my analysis NSE:KOTAKBANK best buying level is 1780 with stop loss of 1745 (-35 Points). My expected up side target will be 1850 (+70 Points). Note: This is my personal analysis, only for learning. Thanks.
Kotakbank Support And Ressistance Its My View I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk. NSE:KOTAKBANK
The Scrip is forming a bullish pattern and we can see a breakout soon if we see reversal from this level or price doesn't break previous swing low. Keep in radar. Any confusion comment below.
Kotak Bank looks good on the daily weekly timeframe. If it sustains above 1900 levels, there are chances that it will move towards 2000 -2040 levels initially. There is an opportunity for both swing and positional trade here. For swing, it should sustain above 1935 levels For Positional, it should sustain above 1900 levels.
Kotak bank is at strong support zone 1920 highly possibilities it wil take support here and then go up and If this support zone is breaks down then we can expect a high falls in down side.
This stock is trading at its resistance zone don't short untill it close below 1928
Hey traders we can see that kotak bank is at its strong resistance zone 1980 and on daily chart its make gravestone doji type candle which means Bears are dominant my view is 1) it will start falls down 2) may it show some correction then again trying to break its resistance level all around my view is bearish not bullish until it cross 1990 level
The 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...
Example of trading with the Wyckoff Method. Great volume at the beginning, test and fake rupture of the resistance, now a weaker test in the phase C and the price should fall increasing it volume until breaking the support at 1631
Strong Resistance zone is 1965-1985 Strong Support zone is 1632
clearly we can see the pattern is forming. target: 1600. kotak will reach its bottom point after completing this pattern, making it to buy at best timings! have a good eye.
Kotak mahindra simple chart and chart showing us that it makes doji candle at fibbo 0.5 level if stock price go down below doji's low then will short otherwise it will hold here then slowly slowly will go up.
as the time cycle and the rsi is suggesting this can be a bottom made in this stock so I am watching it carefully