On a weekly time frame KOTAKBANK we can see it is coming near it's most crucial support area which is testing since 2021 and consolidating in this channel, so long term investor can enter between 1645-1665 for the target of new highs.
Stock breakdown
Macd Bearish crossover
Bearish marubozu candle on chart bottom with high volume
Price below All DEMA.
Market sentiments negative
Not good for long position as now.
Some downside move possible tomorrow.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Double bottom near to support zone.
Big Bullish candle today done
Breakout Done
Go long with 1745 S.L
Chart setup favour in long position.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
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.
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
Kotak Mahindra Bank making higher low each day from April. With strength in bank nifty it will help kotak to break its immediate target of 1999.15. So according to my analysis I would recommend one to go long on kotak with stop loss of 1930 for the target of 2100 if the kotak break 1999.15. Kotak will show strength and go up from now.
This analysis is based for...
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...
Bullish on KM Bank.
1. Made a flage patternon a higher tf
2. It has filled the GAP
3. It has retested the 38.2% fib levels twice
4. It has formed a double bottom on 3hr tf
5. There is a huge GAP around 1970
