Kotak Mahindra Bank Ltd. CMP – 1818.55 Market Capitalization Rs 3,61,442.6Cr Red Flags:🟥 Declining cash from operations annual FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Promoter holding increasing Previous Happy Candles Number – 41/100 New Happy Candles Number – 51/100 Fresh...
Short Opportunity in KOTAKBANK 1. 200 EMA Resistance on Daily/2H/4H 2. Negative RSI 3. MFI breakdown 4. BANK NIFTY Negative sentiment
The stock is currently making a corrective structure and is likely to extend further to at least 61.8 fib. level. 1500 may be a good level to watch; below that we could also see 1420. This is based on the Elliott Wave Theory.
KMB CMP is 1783 at support level, The price is swinging in between, from nov month 2020. 1700-1900(250points) level, IAM BULLISH BECAUSE HAMMER PATTERN & BULLISH ENGULFING AT SUPPORT LEVEL, TODAYS CANDLE IS A REVERSEL ON 23 jan 2023 RSI SHOWING UPWARDS, RESULTS ARE POSTED GOOD NUMBER, THERE MAY BE SOME UPWARD MOVE SL IS BELOW SUPPORT TARGET 1950
The Scrip is forming a bullish pattern and we can see a breakout soon if we see reversal from this level or price doesn't break previous swing low. Keep in radar. Any confusion comment below.
as per my analyiss kotak bank ready for break out . 2207 is my target . after breakt out
Kotak Bank looks good on the daily weekly timeframe. If it sustains above 1900 levels, there are chances that it will move towards 2000 -2040 levels initially. There is an opportunity for both swing and positional trade here. For swing, it should sustain above 1935 levels For Positional, it should sustain above 1900 levels.
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...
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.
Kotak mahindra simple chart and chart showing us that it makes doji candle at fibbo 0.5 level if stock price go down below doji's low then will short otherwise it will hold here then slowly slowly will go up.
On weekly time frame the stock is in consolidation having important support placed at 1666. After making low near support zone the stock is trading within a range from past 5 weeks. Breaking above 1840 will break this range and stock may reach to the previous high. On the flip side breaking below 1666 will accelerate selling pressure. Keep the above trading in...
It's kotak mahindra bank chart Finally srart increase from his important level,
kotak bank can show a breakout add it in watchlist.
my short term target for kotak bank is bullish first targets are near 1880 sl is near 1800 levels thanks
Buy Kotak Mahindra Target 🎯 2200 because it's recently given breakout .
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...
The structure of the stock looks good on all the timeframe and if it remains so it might be moving towards 1900 levels.
pattern breakout 1. rising wedge pattern formation