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Kotak

Kotak Mahindra Bank can rise on to a robust rank. Kotak Mahindra Bank Ltd. CMP – 1818.55 Market Capitalization Rs 3,61,442.6Cr Red Flags:🟥 Declining cash from operations annual FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Promoter holding increasing Previous Happy Candles Number – 41/100 New Happy Candles Number – 51/100 Fresh Entry/ averaging / compounding after closing above 1819 Targets: 1873,1904 and 1950 Long term target: 1985, 2015 and 2066 Stop loss: Closing below 1759 The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:KOTAKBANKLong
by Happy_Candles_Investment
KOTAKBANK double bottom pattern breakoutKOTAKBANK crossed the neck line of double bottom reversal pattern with high volume breakout, which is a very good indication that the stock will perform well in the upcoming days. But as you can see in the chart above a major resistance zone is present just above the close of the last daily candle. So price may retrace back from that resistance zone to the neckline creating a pullback and then finally get back into its rally to go beyond 2100 level. So, I will suggest you to enter long in the stock once it crosses above the resistance zone, apparently above 2150 level, keeping stop loss at around 1913 and trail this stop loss to book profit.
NSE:KOTAKBANKLong
by jayanta365