Technical chart analysis for Kotak Bank to trade on 22nd /Jun / Hi Friends,
I am sharing this technical analysis for Kotak Bank and its for intraday purpose to trade on 22nd Jun 2020
Kotakmahindrabank
KOTAK MAHINDRA Trading Setupif Price unable to hold than next Support is 1200 Rs
right now market is bullish so we expect it to go above but we will wait for perfect entry rather than gambling
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
kotakBank long for short term.fundamental good and available on discount price for BTST or short term period chart sgows upside breakout will take initiative soon and reach range @1230
Kotak Mahindra bank Elliote + Price action breakdownHello Friends
Don't Take any trade its just view we get a better opportunity of confirmation trade in it After breaking it out !!
Waiting for new control price
According to Elliote wave its target toward 263
30 min
Lol I am confused in it
Thanks
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
KOTAKBANK - GO SHORT FOR A TARGET OF 780 BY JUNE ENDKOTAKANK - GO SHORT @ 1234 WITH A SL OF 1377 AND A TARGET OF 781. TARGET SHOULD BE ACHIEVED BY JUNE END
Kotak Bank | NSE AnalysisComing week is rough for the banking sector as Bank Nifty shows signs of weakness with a converging MACD. Just trade the range.
- Kotak Bank MACD also showing signs of weakness. Based on how it plays out on Monday I will update this trade.
-Kautilya.K
Kotak mahindra short term LONG !Looking good on a LTF. Bought into it, let's see how it goes. Although I will be watching this very closely for Sell signals. Will update when required.
- Kautilya.k
Kotak BankPerfect short between 1367 - 1390 range.
Sl - 1397
support 1346
Target is huge in downside.
Kotak Bank Long call TargetsTargets as per trend lines till expiry. Already holding a long call on this.
VWAP Details:-
20-Apr-2020 1,193.96
21-Apr-2020 1,139.48
22-Apr-2020 1,143.24
23-Apr-2020 1,219.86
24-Apr-2020 1,240.67
27-Apr-2020 1,300.57
Most probably I will book profit tomorrow.
Please share suggestions or any idea.
Bullish on Kotak on 1D chartIf it breaks the triangle, then it will go upto 1417.75.
If it falls then it will take support at 1160, then it will rise till 1417.75 (22% gain)
KOTAKBANK - GO SHORT FOR A TARGET OF 770 BY 8 MAY 2020KOTAKBANK - GP SHORT @ CMP WITH A SL OF 1450 AND A TARGET OF 770. TARGET SHOULD E ACHIEVED NY 8 MAY 2020
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.
Bank Nifty Intraday Trade setup for 20 January 20Hello Everyone,
Levels are given on the chart. Consider these level for setup your Intraday in Bank Nifty Index today.
KotakBank Go for short after the restest done! don't go for options, use it for positional and intraday
KotakBankIn four hour it formed head and shoulder so go for short when it breaks that support line at 1690 the targets and stoploss by your own
Kotak bank Intraday short sellGo short Kotak bank intraday , target and stop loss as mentioned in the chart .
Losing strength on hourly chart. Over all trend is sell on rise only can keep 1622 stop for back to back sell on rise based on your own risk appetite.
Kotak Mahindra Bank - Intraday Trade setup for 15 NovemberKotak is in my watchlist for today Intraday Setup, Consider watching the Buy Levels.
Intraday - Trade Setup : Kotak Bank - 28th AugustPlease consider to check out these Intraday Level for 28th 2019
