KOTAKBANK

: Technical Reversal Likely After Oversold Signals

On 29th July 2025, Kotak Bank’s stock took crucial support at the 200-day moving average and managed to close above it — a key positive sign, as this level often acts as a strong support or resistance in trend analysis. Notably, the candlesticks formed on both 28th and 29th July were completely outside the lower Bollinger Band, highlighting excessive short-term selling pressure. Complementing this, the Relative Strength Index (RSI) was at 24 and 27 on those respective days, clearly indicating that the stock had entered the oversold zone. These technical indicators collectively suggest a potential rebound from current levels. If the price sustains above the 200-DMA in the coming sessions, we may see a recovery rally, with the next immediate upside target seen around ₹2080.