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
NSE:KOTAKBANK Daily Chart Technical Analysis for educational purposes only. NFA.
Bullish case : March 15, 2024
1# Price making Inverted head and shoulder , which is a Bullish reversal pattern.
2# MACD line above signal line and moving toward zero line, which is also a bullish trend signal.
3#Expecting price to retrace back to 1850 range.
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.
Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday.
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for 40.51...
Buy Kotak Bank Buy Above 1865
For the Target of
Short Term : 1903-1970-2050
Long Term : 2121-2196-2345-25302715
SL 1819
Strategy : Cup & Handle Formation + RSI > 50
Duration few Days to Months
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.
Another darling of the previous decade, but zero returns over the last 5 years. While valuations & leadership transition were the biggest concerns over the last 3 years leading to underperformance, fundamentally and technically the stock looks very very attractive for the next few years.
1650 - 1700 region offers a low risk setup for long term holders for an...
Continue By Wave count , Take 5% risk from your capital , Once market Move to the end of the Arrow you can close the trade, that will be1:1 risk reward ratio , if you want to hold till the end of wave 5 , then move the stop to its entry once it reaches 1:1 (End of the Arrow), You can also close 50% trade once it reach 1:1 (End of the Arrow ) then the rest of the...
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.
