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KOTAK BANK - A Value Buying Pick for Long Term Investors?Symbol - KOTAKBANK CMP - 1755 Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. This is one among India's top banks. Currently trading at lowest valuation in last 10 years which makes it a great value buying pick at current levels. Stock has gone nowhere in last 3.5 years and consolidating in a range. 1700 Level is a long term support. It can be added at current levels and If 1720-1700 comes, can be added more. Long term targets comes around 2500 level which is almost 50% upside from here.
NSE:KOTAKBANKLong
by akshit_official
9
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
NSE:DMARTLong
by rtfofficial1618
CIPLA VALUE BUY FROM 820 LEVELSCipla CMP 880 - one of the three top weighted stocks of nifty pharma contributing 12.4% followed by sunpharma (26%) and Dr. Reddy Lab (13%). After heavy correction from all time high of 1185 right now its trading near 880 levels on 03/03/2023. One little bounce of 5% can be seen from current levels of 880 , till 920. But the quaterly demand zones lies at 810 to 710 . weekly demand zone lies inside quaterly demand zone at 800 to 750. Nifty Pharma current level 11800. Complete breakdown of trendline support levels of 12100 on weekly time frame. Monthly demand zone for nifty pharma is at 10400 levels ( 12% away from current levels). Assuming that cipla also shall correct till 12% from current levels price we get is 775. Luckily this 775 price falls into the quaterly demand zone & weekly demand zone as shown in charts. Also there is support of previous high of 750 levels. In addition to that at 755 there od quaterly mean support. At this pricing all odds are in our favour. Also its running undervalued at CMP , looking at future growth of the company. So for investment purpose case study goes like we shall start accumulating from 810 levels till 710 in the ratio of 10% at 810, 60% at 770 and 30% at 755. Hence our avg price of entry will be arounf 770 levels. As its an investment idea there are no sl for that but still we can plan sl of 700 depending upon price action and on monthly closing basis . Avg Entry Price : 770 Sl : 700 ( montly closing basis) Tgt : 1000-1050, 1200, 1500
NSE:CIPLALong
by maharshisavalia