The stock of Kotak Mahindra Bank has been rallying since early April as it found support at ₹350. Last week, it extended the uptrend and posted a gain of nearly 7 per cent.

Consequently, it made a higher high and also broke out of resistance levels at ₹393 and ₹400, opening the door for further rally.

Video Credit: Businessline

While there is a chance for the stock of retest the resistance-turned-support of ₹393 and ₹400, we expect it to resume the uptrend and eventually appreciate to ₹430.

Therefore, traders can buy the stock now at ₹403 and accumulate at ₹395. Place initial stop-loss at ₹382. When the stock rises to ₹416, revise the stop-loss to ₹405. On a rally to ₹423, tighten the stop-loss further to ₹416. Book profits at ₹430.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on June 15, 2026