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kotak Bank - W pattern

Discussion in 'Technical Analysis' started by sujan4bw, Sep 16, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Kotak bank has formed W pattern. One can go long above 615.

    Average Volume also increasing. Let me know your views.

    Regards
    Sujan
     

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    sujan4bw, Sep 16, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect levels but stop loss of 565 which is a bit too much unless you are comfortable.
     
    shabbir, Sep 16, 2012
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  3. sachinmore08

    sachinmore08 New Member

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    I guess its not yet building good volume though volume in last session was some what Friday effect..So, in next couple of session if it shows good volume similar to volume levels of 1st 2 weeks of Aug then should be considered for buying on that 615 level.
     
    sachinmore08, Sep 16, 2012
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  4. sujan4bw

    sujan4bw Member

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    just took position in Kotak at 616.
     
    sujan4bw, Sep 17, 2012
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  5. aveerareddy9

    aveerareddy9 New Member

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    what is the targets for Kotak?
     
    aveerareddy9, Sep 25, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    At least 2 times your stop loss value.
     
    shabbir, Sep 25, 2012
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  7. naveen1241

    naveen1241 Responder

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    What would be the time frame for this target?
     
    naveen1241, Sep 25, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    I never prefer time frame based investing and so either a stop loss or target to hit. You are trading on price and not on time.
     
    shabbir, Sep 25, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    Just added this for you
     
    shabbir, Sep 25, 2012
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  10. sujan4bw

    sujan4bw Member

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    squarred off at 645.
     
    sujan4bw, Sep 26, 2012
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  11. m_padmakumar

    m_padmakumar Member

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    Seems to be consolidating. Can we take position now with a stop loss 591?

    Thanks
     
    m_padmakumar, Nov 7, 2012
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  12. sujan4bw

    sujan4bw Member

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    with stop loss of 610...can take position

    it can hit 640...645.
     
    sujan4bw, Nov 7, 2012
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  13. m_padmakumar

    m_padmakumar Member

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    Thanks Sujan for your quick replies...
     
    m_padmakumar, Nov 7, 2012
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  14. verenmitter2001

    verenmitter2001 Member

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    Occupation:
    IT, Education & Ex-Army officer
    Hi,
    The time frame parameter is quite relevant in F&O.
    Shabbir I could see lots of active forum member are into F&O . Waht instrument do you actually prefer ?

    Sujan and what instrument do you play with?

    Regards
    Veren
     
    verenmitter2001, Nov 7, 2012
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  15. shabbir

    shabbir Administrator Staff Member

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    I always trade in cash and never in FnO and I don't recommend the same to others unless they no about it (which is not the case to many new trader and investor.)
     
    shabbir, Nov 7, 2012
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