Stock of the day : Kotak Mahindra Bank Ltd For Target Rs. 2300 - Religare Broking Ltd
Kotak Mahindra Bank Ltd
Buy Kotak Mahindra Bank Ltd CMP 2169.80 Range 2165-2170 SL 2100 Target 2300
* Kotak Bank has shown strength in line with the broader banking index, indicating upward momentum may continue in the coming sessions.
* The stock recently completed an inverted head-and-shoulders pattern, a typically bullish technical formation, and has broken above the neckline also—confirming the potential for further gains.
* Additionally, the stock is forming a series of higher highs and higher lows on the daily chart, reinforcing the positive trend.
* Traders may consider initiating long positions in accordance with the recommended levels.
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