Stock Radar: Kotak Mahindra Bank on verge of a breakout above Cup & Handle pattern; time to buy?

Kotak Mahindra Bank is poised for a breakout from an inverse Head & Shoulder pattern, presenting a buying opportunity for short-term traders. A sustained close above Rs 1,800 could propel the stock towards targets of Rs 1,880-1,900 in the coming weeks. Positive indicators like RSI and MACD, coupled with a 'Cup and Handle' pattern, support this bullish outlook.