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Published on 30/07/2020 1:13:03 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Kotak Bank Ltd For Target Rs. 1500 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Kotak Mahindra Bank Ltd #Banking Sector #HDFC Securities #Trading Report

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Momentum Pick - Buy Kotak Bank Ltd For Target Rs. 1500 - HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

The short term trend has turned positive. We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the upmove in the stock price.

The daily/intraday RSI is showing positive indication.

 

Buy KOTAK BANK Ltd Up to 7 days CMP 1418  TGT 1500 SL 1355

 

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