KOTAKBANK trade ideas
281.SAN Breakdown Sell setupDisclaimer: Set-up shown here is only for educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on passive analysis (PA)/ Static ANalysis (SAN). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)). Always run with SL.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA)/ Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). Daily post appears on stocktwits.WavoZen.
Does the profit booking started ?Does the profit booking started for Kotak Mahindra bank , Tweezer top and OPEN=HIGH formed on top of the chart ? expecting it will go down from here.
Buy Kotak Mahindra on ATHs RetestTrade Premise:
Currently retesting July 2018 ATHs post breakout on lower time-frames.
Setup:
Could look at about 10% upside at 1588 algorithmic target with a tight stop, decent R.
Potential Correction on Kotak mahindra Bank1360 is an Important level for Monday. We can see a good correction if it's breakdown it.
Stock being manupulatedDid some analysis based on delivery percentage of traded quantity, number of trades taken and total traded quantity.
price was increased on 15th march
but after that the price is just moving side ways and forming upper wigs.
Sell - expecting reversal on Kotak bankSell side of kotak bank if the bank nifty also on sell side. Expecting it to be on downside.
Kotak Bank Correction Inevitable!Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher.
Happy Trading!
Siraj Hudda
www.wavetradingacademy.com
