KOTAKBANK trade ideas
Kotak BankKotak bank broke out of triangle pattern on 30 min TF with good volumes & facing multiple resistance zone of 1780-1785 which got rejected multiple times in recent past, fortunately todays its trading above this zone from past 30 mins, which is highest time spent in these zone.
Could be bought with mentioned stoploss & target.
Potential Head and Shoulders Pattern A potential H&S Top pattern in Kotak Bank with neckline at 1630. Pattern target is at 1190.
Elliot Wave wise, Wave B (a triangle) seems near completion and Wave C which will be a five-wave decline is possibly next. Minimum expectation of Wave C is to be equal to Wave A which is at around 1490.
A negative divergence with momentum is seen on daily and weekly charts.
Note- Not an investment advice,
kotak bank viewthis 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 investment as there best bet and it is the worst performing in last 1/2 years of the major banks ie hdfc,icici,axis,sbi kotak looks worst on charts among top banks
question = will invest if you see a drop in kotak bank price ?
what price will you be ok to buy if share price drops from here?
this type of rectangle pattern was also in hdfclife share adani ports and also this consolidation in rectangle pattern is seen in , tataconsumer, tatamotors, tata steel and some more nifty 50 stocks as well
Kotak Bank Ltd...Lets see where it unfoldsKotak Bank Ltd...Lets see where it unfolds
It seems from the chart that Kotak has completed its upward cycle going for correction of complete cycle.
I am not saying going to fall tomorrow but hoping to come to the point mentioned in the chart in medium term.
What will be trigger I dont know.
Detailed analysis is uploaded on ytube can see and like if you liked it.
Thank for watching the chart...
Regards
KOTAK BANK - DEMAND HAS COMEFrom the past few experiences we have watched Kotak Bank respecting its support level of 1668, which is also a strong psychological level. The price has now come again to the zone, and also the 200 EMA is providing a support to the price on the weekly timeframe, we do have a horizontal as well as trend line support. So we should expect the price to move in upwards direction to the resistance zone of 1989.
KOTAK BANKHello & welcome to this analysis on one of India leading Pvt banks
In the weekly time frame its forming a Bearish Head & Shoulder pattern suggesting below 1640 (neckline) for a possible downside till 1475.
At the current moment it faces resistance at 1725 and 1750.
Unless those levels are not broken on the upside it remains one of the weakest banks in the Bank Nifty index.
Regards
KOTAK MAHINDRA BANK SWING TRADEKMB 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