This stock is trading in bearish channel... now it is at the channel break out... on top side this wants to test the supply zone at 1800 levels. If price breaks the trendline to topside, price will again fall from this supply zone area. keep looking for short side continuation from this supply zone or breaks the trendline on bullish side and retrace to enter short side.
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.
In higher time frames this stock is trading in a range...from long time now this stock price is at its demand zone.... multiple times price takes the support from this levels... If price comes to 1700 levels, then also keep in long side... no short is recommended in this stock...keep looking for long opportunity as long as price is above 1700 levels.
After filling the bullish gap price is showing bullish pressure.... this stock is trending downwards from several days... now this is turned to be bullish....keep in long side... If sellers unable to push the price downwards again buyers will take this to higher levels...
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...
Just go where it breaks easy trend picks buy next month CE/PE lots ur wish. profits can be booked with my targets.
Kotak bank breaking crucial trendline support. If the market trend continues to be bearish, we can also see a good fall in this stock. The next target can be expected below 1700 levels. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries. Disclaimer:-...
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...
as the time cycle and the rsi is suggesting this can be a bottom made in this stock so I am watching it carefully
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.
The structure of the stock looks good on all the timeframe and if it remains so it might be moving towards 1900 levels.
SHORTSELL KOTAKBANK , BANK STOCKS WILL GET MORE NPA'S AFTER COVID ,PVT BANKS HAVE MORE EXPOSTURE TO BAD LOANS.
#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...