Kotak Mahindra Bank: The best bank has more steam left.
KOTAKBANK
Kotak Bank has been moving in a perfect channel post budget day. However, the break of the channel made us to turn cautious last month and earlier this month, when it did fail to re-conquer the channel; we confirmed the break-down. What a whipsaw yesterday, it did close at the year's high; leaving more room to move upside before turning down. The best bank has more than 5%+ move higher.
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