KOTAKBANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Kotak Mahindra Bank Ltd. (KOTAKBANK)

📊 Trend Overview

Current Trend: 🔼 Trending Upward

Price is trading above both the 50-DMA (₹2,021) and 200-DMA (₹2,004), indicating a bullish structure.

The 52-week index at 60.3% shows the stock is in the upper half of its yearly range, recovering well from its low of ₹1,679.

RSI at 64.3 suggests strong momentum, approaching overbought territory.

MACD at 1.17 is positive, confirming a bullish crossover and trend continuation.

📈 Moving Averages

50-DMA: ₹2,021 — Short-term support.

200-DMA: ₹2,004 — Long-term support.

Price Action: Current price of ₹2,055 is above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 64.3 — Bullish zone, nearing overbought.

MACD: 1.17 — Bullish crossover, momentum building.

Volume: 36.3 lakh vs 1-week avg of 38.1 lakh — Slightly below average, indicating mild consolidation.

📊 Bollinger Bands

Price likely near upper band — signals strength but also potential for short-term cooling.

No squeeze pattern detected, but trend continuation is supported.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,021 50-DMA, short-term support

Support 2 1,975 Previous swing low

Resistance 1 2,100 Minor resistance zone

Resistance 2 2,200–2,300 Trendline and 52-week high zone

🎯 Entry & Exit Zones

Optimal Entry: ₹2,020–₹2,040 — On pullback near 50-DMA.

Exit Zone: ₹2,100–₹2,300 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation above ₹2,100.

Bias: Bullish — Trend intact, but short-term caution advised due to RSI.

🧭 Summary

KOTAKBANK is currently trending upward, supported by price action above key moving averages and strong momentum indicators. Traders may consider entering near ₹2,020–₹2,040 and targeting ₹2,100–₹2,300 for exits. A breakout above ₹2,100 with volume could signal further upside toward its 52-week high.

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