Stock of the day : Kotakbank Ltd For Target Rs. 75 - Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Kotakbank
* Kotakbank has been under pressure from last more than 5 months forming series of lower highs and lows.
* It has been trading below all its key moving averages suggests weakness in trend.
* It has witnessed a breakdown from support trendline with decent volumes indicates bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY Kotakbank Ltd CMP 48.05 ; Range 47-49; SL 34 ; Target 75
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
