The chart is pretty self-explanatory as always. Also, as usual, below are some good-to-know pointers:
- The stock has been range-bound for 2.5+ Years with clear support and resistance
- The 2000 mark holds a strong resistance
- The stock has a death cross on its daily chart
- The PE has slightly improved
- Now to the breaking news:
- Mr. Uday Kotak has resigned...
NSE:KOTAKBANK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
First Head & Shoulder pattern will BO the target is mentioned. (This month)
&
Descending Triangle BO will be the move in Next month(April).
Short term target as mentioned in chart.
Happy Trading
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.
Kotak Mahindra Bank Ltd. is the flagship company of the Kotak Group. It is one amongst the fastest growing banks and most admired financial institutions in India. The Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. The principal business activities of the Bank are organised into consumer banking,...
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.
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...
The large cap bank set out an impulse in march 2023 and since then has been in a complex corrective mode and retraced more than 705 of the wave i. This provides a good entry and a good risk/reward from CMP to enter the stock with a good risk reward(5% vs 23%).
sl 1635
target 2110
Kotal bank has given a Bearish signal on daily chart pattern. The stock has formed inverse head and shoulders pattern. Suggest to sell Kotak bank if break today's low.
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...
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...
1. Kotak Bank weekly chart. Has been a late mover, but has closed with a solid bullish bar at the 1980 resistance level after a bullish RSI divergence.
2. Breakout could lead to 2200 and all time highs thereafter.
❤ & follow for more.
After a strong fall price is slowly coming upwards to test the supply zone.
reaching the supply zone in a bullish channel...
now price is near to its previous demand area ...if this acts as resistance price falls.
if acts as support again reach the upside...
we have bullish gap left below....keep track these zones..
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..
