This stock is now in completely consolidation stage. A strong Rally base Rally is observed in this stock from 1300 levels... consolidation to manipulation will be observed below the support levels... then chances of distribution is more.. so look for long, one more rally indicating long opportunity in this stock price.
The stock is trending downwards.... price is now near to bullish gap...a strong rise is observed from this gap... If it is a bullish turn price will take the support from this area... then look for buy side.... If this area pushes the price upside...we will on long side until the trendline... again will look for sell at trendline if no break detected. If It is a...
Observations:: price clears all the demand zones on bottom side... Area of interest to sell is 1910 and 1940 range. now price is coming back to test the if the previous demand zone acts supply zone price fills the gap on bottom side @1760 range..
Observations:: Test of Supply one more time to false breakout or continue fall Broken the trendline and retest is observed, it will fall or raise towards the resistance. Facing resistance @ 1980 zone. Keep 1st target @1870 levels, may price rise again. we have Bullish gap left @ 1780 levels, Before going to fill this gap can we expect any up move towards...
KOTAKBANK Observations: ----After Huge Gap of 65 Points Price moving upwards. ----> with Strong consolidation showing bear trap(false breakdown) price moving upwards again. ----->we have a resistance at 1980 zone, we can expect the price to reach this zone. -----> further price action is needed whether its reversal or breakout from this zone(1980).
From 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...
Kotakbank : after downtrend in hourly charts now breakout of LL LH and created W pattern. also its near Flip resistance. If resistance break and and retest it will start upward journey in hourly chart. If unable to sustain then it can go back to retest support zone. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My...
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
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.