1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

kotak Bank - W pattern

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

Tags:
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    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
     

    Attached Files:

    sujan4bw, Sep 16, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Perfect levels but stop loss of 565 which is a bit too much unless you are comfortable.
     
    shabbir, Sep 16, 2012
    Share #2
  3. sachinmore08

    sachinmore08 New Member

    Joined:
    May 19, 2012
    Messages:
    55
    Likes Received:
    0
    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
    Share #3
  4. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    just took position in Kotak at 616.
     
    sujan4bw, Sep 17, 2012
    Share #4
  5. aveerareddy9

    aveerareddy9 New Member

    Joined:
    Aug 10, 2012
    Messages:
    42
    Likes Received:
    0
    what is the targets for Kotak?
     
    aveerareddy9, Sep 25, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    At least 2 times your stop loss value.
     
    shabbir, Sep 25, 2012
    Share #6
  7. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    What would be the time frame for this target?
     
    naveen1241, Sep 25, 2012
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    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
    Share #8
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Just added this for you
     
    shabbir, Sep 25, 2012
    Share #9
  10. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    squarred off at 645.
     
    sujan4bw, Sep 26, 2012
    Share #10
  11. m_padmakumar

    m_padmakumar Member

    Joined:
    Jun 22, 2012
    Messages:
    119
    Likes Received:
    5
    Seems to be consolidating. Can we take position now with a stop loss 591?

    Thanks
     
    m_padmakumar, Nov 7, 2012
    Share #11
  12. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    with stop loss of 610...can take position

    it can hit 640...645.
     
    sujan4bw, Nov 7, 2012
    Share #12
  13. m_padmakumar

    m_padmakumar Member

    Joined:
    Jun 22, 2012
    Messages:
    119
    Likes Received:
    5
    Thanks Sujan for your quick replies...
     
    m_padmakumar, Nov 7, 2012
    Share #13
  14. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    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
    Share #14
  15. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    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
    Share #15