Kotak
Mahindra Bank on daily chart, stock price at Rs. 806.90 has given the breakout
of the ascending triangle pattern at Rs. 786 Level, indicate on going bullish rally
will continue into the stock price which will take is towards Rs. 862 level.
Tracking Bollinger Band on daily chart, stock price is ridding the upper
Bollinger Band, also the band is widening. Momentum oscillator RSI is rising
have more room left on upside, MACD on weekly chart is on the verge to give
positive crossover which add more bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor can accumulate for the target
of Rs.860/895 level, with Rs. 786 stop loss on closing basis.
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