KOTAKBANK Buy Idea 23.01.2023As 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.
Kotakmahindrabank
Kotakbank Bull Gann Level 02.01.23Kotakbank 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
Bulls may take Charge if there is reversalThe 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 ABCD PATTERN TRADEKotak 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 mahindra bankKotak 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.
Kotak mahindra bankThis stock is trading at its resistance zone
don't short untill it close below 1928
Kotak mahindra bankHey 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
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
Kotak Distribution PatternExample 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
KOTAK MAHINDRA, HEADS & SHOULDERS!!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 bankKotak 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.
Kotak trade to takeas the time cycle and the rsi is suggesting this can be a bottom made in this stock so I am watching it carefully
every dip is a buy in this onethe most underperforming bank until now has all value unlocking entity unlisted and technical set up suggest it time to start the big rally for next six months at least after that all media houses will start suggesting to public
targets later
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.
Kotak Mahindra BankKotak Bank has completed the retracement and it will continue the downward journey now. Its long trade with Daily TF. Chart is for education purpose only and DYOA.
Kotak bank weekly analysisOn weekly time frame the stock is in consolidation having important support placed at 1666.
After making low near support zone the stock is trading within a range from past 5 weeks.
Breaking above 1840 will break this range and stock may reach to the previous high.
On the flip side breaking below 1666 will accelerate selling pressure.
Keep the above trading in mind.
Like, share and comment.
Happy trading.
Best buy zones for #Bottomfishing in #KotakMahindraBankBest Buy Zone: 1500 - 1700
Good Buy Zone: 1700 - 1800
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
kotak is looking bullish for short termmy short term target for kotak bank is bullish
first targets are near 1880
sl is near 1800 levels
thanks
Swing Trade #KotakBankPlease note the time graph is on Weekly.
Best Possible Entry - 1725-1730
SL - 1645-1650
Target - 1950-2050
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KotakBankChart is looking convincing good r:r good time to enter but dont hold below SL
Market will always provide better opportunities.
KOTAKBANK BreakoutKOTAK MAHINDRA BANK broke out of 8 Month Long Cup & Handle Pattern
Price above 200 DMA
Big green candle on breakout
Earnings coming up next week
