Sacchitanand Uttekar, a technical analyst at Tradebulls, has identified two standout stock selections for the current day: Kotak Mahindra Bank and ICICI Bank.According to Uttekar, Kotak Mahindra Bank recently showed a positive signal known as a “breakout” from a falling wedge formation. This means that the stock’s price broke free from a pattern that was trending downward. Additionally, the falling wedge formation concluded near its 200 exponential moving average, providing a solid support level at ₹1,820.Uttekar suggests that the stock is on an upward trend, and he predicts it will continue to rise towards ₹1,980. To take advantage of this potential, he recommends building long…
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Source: https://www.cnbctv18.com/market/kotak-mahindra-bank-and-icici-bank-stocks-to-buy-18811611.htm/amp