Kotak Bank Elliott Wave technical analysis [Video]

Kotak Bank Elliott Wave technical analysis

• Function: Bullish Trend.

• Mode: Impulsive.

• Structure: Gray Wave 3.

• Position: Orange Wave 3.

• Direction (Next lower degrees): Gray Wave 4.

• Invalidation level: 1995.

Technical overview:

The daily Elliott Wave analysis for KOTAK BANK reveals a strong bullish trend underway. The stock is currently in gray wave 3, which forms part of the broader orange wave 3 structure. With gray wave 2 now considered complete, gray wave 3 is developing, typically the most powerful and extended wave in an Elliott Wave sequence.

This phase suggests high upside potential for KOTAK BANK shares. The critical invalidation level is set at 1995; a drop below this would negate the current bullish setup.

Market context:

The daily chart highlights the stock's position within a strong impulsive trend. Upon completion of gray wave 3, a corrective gray wave 4 is expected before the trend possibly continues in gray wave 5. Traders gain clear visibility of the price path and the broader wave count.

Gray wave 3 is known for its dynamic movement, often marked by strong momentum, increased volume, and sustained upward moves—key factors that traders should monitor.

Strategic implications:

Current conditions support maintaining long positions in KOTAK BANK. However, traders are advised to apply prudent risk management, particularly around the 1995 invalidation level.

This analysis offers critical insights for investors seeking to enter or manage positions during a significant bullish phase in the banking stock, helping optimize trade timing and decision-making.

Kotak Bank Elliott Wave technical analysis

• Function: Bullish Trend.

• Mode: Impulsive.

• Structure: Orange Wave 3.

• Position: Navy Blue Wave 3.

• Direction (Next higher degrees): Orange Wave 3.

• Invalidation level: 1807.

Technical overview:

The weekly Elliott Wave analysis of KOTAK BANK presents a strong bullish scenario. The current focus is on orange wave 3, part of the larger navy blue wave 3 structure. With orange wave 2 now complete, orange wave 3 is underway—typically the most aggressive and extended wave in the Elliott Wave model.

This setup indicates considerable upside potential for KOTAK BANK stock. The analysis marks 1807 as the invalidation level; any move below this would contradict the bullish wave count and require reassessment.

Market context:

This weekly perspective gives investors a clear understanding of the stock’s position in the broader Elliott Wave framework. Orange wave 3 is developing within navy blue wave 3, both contributing to the overall uptrend. This structure highlights a favorable opportunity for long-term investors.

Orange wave 3 phases are generally characterized by strong upward momentum, increasing volume, and sharp price advances. These are key signals to watch for as the trend evolves.

Strategic implications:

Maintaining long positions in KOTAK BANK aligns with the prevailing bullish momentum. However, traders should manage risk carefully, especially as the wave matures and approaches the invalidation level at 1807.

The weekly analysis offers valuable guidance for position traders seeking to take advantage of a potentially extended bullish cycle in the stock. It combines short-term opportunity with longer-term strategic positioning.

Technical analyst: Malik Awais.

Kotak Bank Elliott Wave technical analysis [Video]