Kotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. The bank follows a mix of both open and closed architecture for distribution of the investment products. All this is backed by strong, in–house research on Mutual Funds.
|Company||Kotak Mahindra Bank Limited|
|Stop Loss (SL)||Rs.1630|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. The stock has given a breakout from an ascending triangle pattern and has also made a rounding bottom formation on the daily chart which is bullish in nature. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 1680-1690) With a stop loss of Rs. 1630 on closing basis and respected target seems Rs 1800-1850. Time frame should be 2-4 week.
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