KOTAKBANK exhibits mild momentum at CMP ₹427, trading near VWAP ₹429.60 with intraday range 426.20-431.00, showing bullish signals above 5/10 SMA but below 20 SMA for caution over 1-15 days. Community sentiment leans 100% buy, with market cap ₹428,054 Cr and PE 23.04.
Buy Setup
Enter long above ₹430 (R1 confirmation).
Target: ₹440 (next resistance), trail to ₹450 on sustained momentum.
Stop Loss: ₹426 (day low/S1).
Sell Setup
Enter short below ₹426.
Target: ₹420 (S2), extend to ₹415 (recent low).
Stop Loss: ₹431 (day high).
Potential Upside
1-15 day timeframe targets 3-5% upside to ₹440-450 if holds above ₹428 pivot, driven by banking recovery and positive daily/weekly returns (0.61%/0.82%); beta 0.91 suggests stability. Monitor Bank Nifty support at 59,700 for sector cues. SHREEJI FINANCE & INVESTMENT HATHIJAN CIRCAL AHMEDABAD PHONE:-07949258292 FOLLOW US:- https://t.me/shreejifinanceinvestment image create
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