MUMBAI: Anand Rathi Securities has a ‘buy’ call on Kotak Mahindra Bank around the current price of Rs 575 for target Rs 750 and stop loss of Rs 500.
Based on the chart pattern to date, the stock is likely to get support around Rs 520.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 750 level it could even touch Rs 790 levels.
Kotak Mahindra Bank, after a descent consolidation, exhibits a trend reversal; rise in RSI from over sold zone indicates a medium term buy.
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