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Stock analysis Kotak Mahindra Bank Limited KOTAKBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Kotak Mahindra Bank Limited

  • 5Day Average: 1772.67
  • 12Day Average: 1753.91
  • 20Day Average: 1743.41
  • 50Day Average: 1755.41
  • 100Day Average: 1784.4
  • 150Day Average: 1776.71
  • 200Day Average: 1794.59

KOTAKBANK Indicators & signals

Indicator MACD (12,26,9)

1759.17, 1752.15, 0.16
Indicator MACD is in positive zone

Indicator ADX (14)

22.54, 24.97, 15.78
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of KOTAKBANK Kotak Mahindra Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 1785.50 1774.20 to 1803.90 0.56% 1.07 times
27 Wed Mar 2024 1775.60 1753.90 to 1779.80 1.25% 1.33 times
26 Tue Mar 2024 1753.70 1750.00 to 1775.40 -1.28% 0.86 times
22 Fri Mar 2024 1776.40 1765.00 to 1782.50 0.24% 1.14 times
21 Thu Mar 2024 1772.15 1764.30 to 1790.65 0.38% 0.61 times
20 Wed Mar 2024 1765.40 1730.80 to 1768.50 0.9% 0.72 times
19 Tue Mar 2024 1749.65 1730.55 to 1756.90 0.68% 0.73 times
18 Mon Mar 2024 1737.90 1715.30 to 1744.85 -0.02% 0.37 times
15 Fri Mar 2024 1738.30 1721.20 to 1756.00 -0.24% 2.51 times
14 Thu Mar 2024 1742.40 1719.15 to 1757.85 0.74% 0.78 times
13 Wed Mar 2024 1729.55 1717.20 to 1742.75 0.53% 0.94 times
12 Tue Mar 2024 1720.35 1707.35 to 1743.45 -0.54% 1.66 times

Technical analysis forecast of Kotak Mahindra Bank Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Kotak Mahindra Bank Limited KOTAKBANK at this time. Stock is rising and might rise more.

It appears as if Kotak Mahindra Bank Limited KOTAKBANK gave a large move recently.

Stock of Kotak Mahindra Bank Limited (KOTAKBANK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Kotak Mahindra Bank Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Kotak Mahindra Bank Limited stays above 1776.5, but if it comes below 1776.5, then a intra day sell could be more profitable.
If you take a sell trade below 1776.5, then use 1776.5 as stoploss and 1752.82 as target. However if you take a buy trade in Kotak Mahindra Bank Limited, then use 1776.5 as stoploss and 1804.9 as target.

More indepth analysis on MunafaSutra.com