INTRODUCTION
Kotak Mahindra Bank, one of India’s leading private sector banks, has emerged as a prominent player in the country’s banking sector. With a strong focus on innovation, customer service, and technological advancement, Kotak Mahindra Bank has become a favorite among investors, reflected in the performance of Kotak Mahindra shares in the stock market. Let’s delve deeper into what makes Kotak Mahindra Bank a significant player in the Indian banking industry.
CHART ANALYSIS
NEWS
- No new customer addition on digital platform.
- Reason- Very bad tech infrastructure.
Due to recent news, Kotak Mahindra Bank’s shares opened with a 10% gap down yesterday. The stock formed a doji candle, indicating indecision, right at the support level. Theoretically, this could be a reversal signal for Kotak Mahindra shares.
In the monthly timeframe, Kotak Mahindra Bank’s stock has been in a solid upward trend, trading within a range for the past 2-3 years. Yesterday, it gapped down right at the monthly timeframe support level but didn’t break below it. Considering that the bank maintains the highest corporate governance standards, it’s noteworthy that the RBI only has concerns regarding its IT infrastructure. Now, it’s up to you to decide whether you want to buy, sell, or hold Kotak Mahindra shares.
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