Kotak Mahindra bank analysis medium term 2020.


 16 May 2020

Kotak Mahindra Bank


About the company

Kotak Mahindra bank is an Indian private sector bank started In February 2003, the Reserve Bank of India (RBI) issued a banking licence to Kotak Mahindra Finance Ltd, the group's flagship company.
It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of April 2019, it is the second largest Indian private sector bank by market capitalisation.

Kotak Mahindra CEO.
Uday Kotak is the CEO of the bank from 2018.Kotak was raised in an upper middle class Gujarati joint-family household with 60 persons sharing a common kitchen under one roof. The family was originally into cotton trading.
His two pass times had been cricket and playing the sitar.

His talent in mathematics influenced his choice of career. He earned a bachelor's degree from Sydenham College and completed a postgraduate degree in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

Analysis of Kotak Mahindra(technical)


The stock is bullish.It always showed higher high and higher low structure in a weekly chart.
Ever since Uday Kotak became the CEO in 2018 the stock has performed extremely well.The stock is at an important support trend line and do not seems to give up!.
This is a good opportunity for investors if the stock shows strength from here on.Investors should be patient and wait for the safe


This is a 4 hour chart,the stock did failed a head and shoulder around April (3 rd week).Which shows strength.
Now it’s in a crucial triangle, anything can happen,a retest of 1000,breakout above 1200 or a break of 1000.



Break of 1000 can take the next support at 750-780 zones even though it’s very unlikely.

On the upside a resistance before 1300 and break of that can take the stock to 1500s range.
The next resistance is at 1550-1600s and break of that could give an all time high.
Let’s see,how these zones are played out.

Conclusion 
Kotak Mahindra bank has seen a wonderful growth in the past decade.Now,the stock is in an Important support zone.The stock has a good probability to continue the upside momentum.But nobody can predict the market and its better to be prepared with all possibilities.Investors and traders have a good opportunity .

Reference
Wikipedia,google
Kite ( zerodha )for charting.

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