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...
Why long call? 1. Monthly expiry we can see short covering. 2. Stock broke the down trend line and moving. 3. Bank nifty is in over sold territory. Sold 1100PE @ 9.85
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
Hello 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
Technical 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...
KOTAKANK - GO SHORT @ 1234 WITH A SL OF 1377 AND A TARGET OF 781. TARGET SHOULD BE ACHIEVED BY JUNE END
Coming 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
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
Support - 1234/1213/1152 Resistance - 1257/1278/1310 Target - 1217/1197 Time - 1-2 week
Targets 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.
If 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 -looks good go long from 1220-24 for 1277-1300
Took support from lower level. May be consider for buying.
SPOT: HOLD : KOTAKBANK SUPPORT LEVEL @ 1230, BELOW THAT TAKE SHORT TRADE FOR TARGET 1190, SL 1270 RISK REWARD 1:1
KOTAK BANK Expecting KOTAKBANK to go up.It is making lower highs. Stochastics is showing bullish trend. Current Market Price is: 1250.90 Buy above : 1257 Stop Loss : 1210 Target 01 : 1306 Target 02 : 1338 Target 03 : 1370 Options are too costly to buy.
KOTAKBANK - GP SHORT @ CMP WITH A SL OF 1450 AND A TARGET OF 770. TARGET SHOULD E ACHIEVED NY 8 MAY 2020