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...
Chart is self explanatory. Comment if in doubts. Good bank, but bearish short term. Technical trade setup.
Today Kotak Bank clocked highest ever daily volume which was primarily generated during last 30 mins of Trade. A whopping 70 Mn plus shares volume. Inspite of this thrust the share couldn't push beyond or even touch it's upward rising multi year trend line (excluding Covid Period). This indicates sharp offloading of shares at higher level. Expect extremely...
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...
Hi Friends, I am sharing this technical analysis for Kotak Bank and its for intraday purpose to trade on 22nd Jun 2020
Go short Kotak bank intraday , target and stop loss as mentioned in the chart . Losing strength on hourly chart. Over all trend is sell on rise only can keep 1622 stop for back to back sell on rise based on your own risk appetite.
kotak bank forming round top expecting some bearish movement