The stock broke above the Previous Resistance with a Big Bull Candle with a Huge Volume. Now It is retracing back to the resistance level which would now work as immediate support Support levels: 1937-1942 Resistance: 1988 and 2016 Type of Trade: Swing, can covert into positional, as higher timeframes are quite a in sync with short timeframes. Great Risk...
Position buy kotak bank with target of 1920. W pattern visible in chart. Accumate on every dip. Higher low is in chart.
clearly we can see the pattern is forming. target: 1600. kotak will reach its bottom point after completing this pattern, making it to buy at best timings! have a good eye.
as the time cycle and the rsi is suggesting this can be a bottom made in this stock so I am watching it carefully
the most underperforming bank until now has all value unlocking entity unlisted and technical set up suggest it time to start the big rally for next six months at least after that all media houses will start suggesting to public targets later
"when nifty is top, everything should be on top, when nifty crashes, the market crashes". everything on chart is explained about the trend lines with different colours. recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon...
recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and...
Kotak Mahindra Bank consolidating in a rising wedge pattern and is taking a resistance from the resistance zone. Though,the stock is taking support at its 20 DMA. It has formed a perfect doji candle on the weekly time frame. The stock is trading around its hourly 20 ema. A trade can be initiated if the stock breaks down the wedge and an hourly candle close...
Since all the banks have either broken the range or moved to all time high, I expect kotakbank to also join the party. Besides Kotakbank has been hovering the resistance multiple time, it could possibily break this resistance this time. If Kotak bank opens flat and moves above 1974, I would go long with a target of around 2000 and stop of 5-6.
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
we are long kotakbank above 1850 maintain sl below 1800 target-2000+ short term risk - 50 points rewards - 150 points always respect risk to rewards
It is above its 200 ema and have breakout of consolidation one can take entry at cmp or after a retractment and keep sl below previous swing low RSI is above 50 volume is good on breakout Not a financial advisor
Market trade both side ..because market take rest ..Buy sell signal Draw On chart..THis is my Opinion .. Thank you ..
Please do your due research. this is just an trade idea and not an recommendation. don't hesitate on hitting stop loss and exiting position on hitting the desired target / profit. if you miss the trade, chill on, there are thousands of other trades to catch on.
Kotak Bank has completed the retracement and it will continue the downward journey now. Its long trade with Daily TF. Chart is for education purpose only and DYOA.
SHORT KOTAK BANK at 1795 for T1 1769 AND T2 T3 as on charts SL 1840
Nifty rejected 16k quite spectacularly, but one sign still points towards some bullishness. What's your view?
Here are my thoughts on today's positive day for the markets. What are yours?