KOTAKBANK crossed the neck line of double bottom reversal pattern with high volume breakout, which is a very good indication that the stock will perform well in the upcoming days. But as you can see in the chart above a major resistance zone is present just above the close of the last daily candle. So price may retrace back from that resistance zone to the...
Banknifty has shown resilience to FII selling, RBI announcement today seems to have altered the nature of market. However not much has changed we presume three possibilities around which a probable expiry day plan can be traced.
A strangle of 33100CE and 32800 PE trading around 373 a pair seems a good bet to ride tomorrow .
All the best
Given symmetrical triangle Breakout
Can go long with Stop-loss of 1868
for target of 1924, 1964, 2016,& 2049
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Today Kotak Bank clocked highest ever daily volume which was primarily generated during last 30 mins of Trade. A whopping 70 Mn plus shares volume.
Inspite of this thrust the share couldn't push beyond or even touch it's upward rising multi year trend line (excluding Covid Period).
This indicates sharp offloading of shares at higher level. Expect extremely...
Expecting BIG MOVE!!
Kotak Mahindra Bank broke out 200 SMA after a long consolidation. Expecting target 1510/1591 with SL of 1443.
Disclaimer: Please note, views are shared based on my study and research. Information is just for education purposes.
#KOTAKBANK is falling since Q1FY21 result announced. Today stock hit the level 1300 which is strong support and bounce back, closed above. We can see high OI built-up on call side.
Showing Bearish result in Technical Parameter:
CCI is treading Down
RSI is treading Down
William %R is treading down
ROC is treading down
DI+ crossed below DI- on both daily and weekly...