KOTAK BANK - A Value Buying Pick for Long Term Investors?

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Symbol - KOTAKBANK

CMP - 1755

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.

This is one among India's top banks.

Currently trading at lowest valuation in last 10 years which makes it a great value buying pick at current levels.

Stock has gone nowhere in last 3.5 years and consolidating in a range.

1700 Level is a long term support. It can be added at current levels and If 1720-1700 comes, can be added more.

Long term targets comes around 2500 level which is almost 50% upside from here.
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CMP 1835
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CMP 1724.

Invested 70% allocation just now.

will add 30% more if 1700-1680 comes.


P.S. : I am sharing my analysis & my investment position. This is not a buy/sell recommendation.
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Added 20% more at 1700
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CMP 1758
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CMP 1760
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CMP 1682
added last 30%
Average buying now 1710.

Fully invested now!
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CMP 1725

Bounced back from 1670.
Ready to take off!
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CMP 1770
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CMP 1815

Investment position 105 rupees in profit.
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CMP 1845

Currently trading at long term resistance trend line.
If it breaks it on upside, It will give multi year breakout & move further up at a very fast pace.

Currently my position is in 135 rupees profit.
Giao dịch được đóng thủ công
Again taking resistance from falling trendline.

Closing my position at 1805. Closing with 100 rupees profit.
I will take long position again either on breakout of this trendline or around 1650-1670 level. Currently it is not looking good to hold.
GrowthKOTAKBANKlongsetuplongtradesetupSupport and ResistanceValuevaluebuyvalueinvesting

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