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Kotakmahindrabank

KOTAK MAHINDRA IS A BUY !My previous chart on kotak mahindra bank is a little off, so i thought i'll make a fresh one. Bullish Signals The daily candle formed a bullish engulfing candle. The Stochastic RSI is oversold and is attempting a reversal. The MACD on the Daily is converging and had a bullish crossover on the 4H. This is currently a sideways market, Bollinger bands are useful for determining a reversal. The price action just hit the lower band and reversal with the above mentioned signals. -Kautilya.K
BSE:KOTAKBANKLong
by kautilya_k
Kotak Bank | Price in the Q4 ProfitsTechnical Analysis If you look at the MACD on the 3 Hour chart you can see a bullish convergence with a crossover nearby. - RSI Showing similar pattern which played out on April 8th, same goes with the MACD. - Kotak recently retested the strong support line as shown in the chart. Fundamental Analysis Kotak Mahindra Bank reported net profit at Rs 1,267 crore on Wednesday, beating Street estimates. The bank saw a huge spike in provisions as it prepared for Covid related contingencies. All revenue segments of the bank saw decent growth. Revenue from corporate banking grew to Rs 3,707.88 crore in this quarter from Rs 3,314.66 crore in the corresponding quarter last year. Retail banking revenue jumped to Rs 3,757.21 crore from Rs 3,577.30 crore and treasury revenue to Rs 1,765.38 crore from Rs 1,505.16 crore. Read more at: economictimes.indiatimes.com
BSE:KOTAKBANKLong
by kautilya_k
KOTAK MAHINDRA BANK | It's time to go short againFriends, please support this idea with LIKE if you find it useful. Looks like Kotak Mahindra Bank is also in downtrend. Use the pullback to get in. Thank you for your support, I appreciate it. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:KOTAKBANKShort
by Fx_Stormtrader
Short Kotak Bank for Rs. 150..Expecting Rs. 1350 from 1500 Kotak Bank is showing classical divergence in monthly chart. RSI is showing descending pattern (marked) while stock has reached new high. Earlier Trough of RSI which was formed after touching RSI > 70 line has broken while stock made new high in monthly chart. I think Rs. 150 correction from current level. Previously stock made bottom while monthly RSI touched around 50 line. It is short term trade but long term trend seems to be intact ubless RSI break below 50. The chart is only for tutorial purpose and please do not consider buy or sell recommendation. Please do your due-diligence before buying or selling. I am neither technical analyst not SEBI registered Analyst. NSE:KOTAKBANK
NSE:KOTAKBANKShort
by vivekgujrati