Kotak bank view for long term holders
Kotak is one of the top most banks in India which has significant weightage in both Bank nifty and Nifty 50.
also, considering the history of price movements, Kotak has never breached the 200 day moving average significantly and went down except the 2008 crash. The most recent example was the covid crash where it took heavy support.
i would say the 200 DMA would be the best place to add for long term portfolio.
if it breaches that I would suggest add in every 5% drop maybe.
But in any case, it surely is one of the best banks in the indian banking space.
also, considering the history of price movements, Kotak has never breached the 200 day moving average significantly and went down except the 2008 crash. The most recent example was the covid crash where it took heavy support.
i would say the 200 DMA would be the best place to add for long term portfolio.
if it breaches that I would suggest add in every 5% drop maybe.
But in any case, it surely is one of the best banks in the indian banking space.
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