Kotak bank share price target 2014
Kotak bank share price daily chart analysis
Kotak bank share on last trading session closed at 755 with gain. On daily chart stock price trend is bullish but momentum is missing profit booking hence correction has been seen. Round top is formed around 785 and heading towards average to test them.
For month of April, Kotak bank support zones are 720 and 683 while on upside 760 and 795 are resistances. Above 720, keep long view for upside targets. Indicators patterns are suggesting correction ahead to watch 720 support level.
Kotak bank share price weekly chart analysis
Kotak bank share on last week closed with loss. Weekly chart price trend and momentum both are bullish. 700-710 is major average support zone and above it, medium term bullish outlook will remain intact. Below 700 next major medium to long term support zones are 570 and 425 while on upside 855 to 900 are 6-8 month target zone for stock in trend persist. Weekly chart indicators pattern are mixed but suggest downside ahead.
Kotak bank share price monthly chart analysis
Kotak bank share in last 6 month had given 10% return to investors while market rallied 13-14%. Slight underperformance and average fall below indicators in last week suggesting underperformance ahead. For investors 730-750 zone is major support if stock gives weekly or monthly closing below it means start of downcycle.
450 rupee is best buy zone for long-term investors, which was last seen in January 2012; while 150-200 rupee was value buy zone and which was last seen in March 2009. On upside 1050 is 12 to 24 month target zone if market supports and 1350-1500 is 5 years target zone.
Kotak bank company description
Kotak Mahindra Bank Limited offers transaction banking, operates lending verticals, manages initial public offerings (IPOs) and provides working capital loans. The Bank operates in four segments: Treasury and BMU, Corporate / Wholesale Banking, Retail Banking and Other Banking business. Treasury and BMU segment includes money market, forex market, derivatives, investments and primary dealership of government securities and balance sheet management unit (BMU) responsible for asset liability management. Corporate / Wholesale Banking segment includes wholesale borrowings and lending’s and other related services to the corporate sector, which are not included under retail banking. Retail Banking includes lending, branch banking and credit cards. Lending includes commercial vehicle finance, personal loans, home loans, agriculture finance, other loans / services and exposures. Other Banking business segment includes any other business.
Kotak bank share price fundamental ratios
|Range||752.90 – 772.00|
|52 week||588.00 – 807.35|