Kotak Bank Near Support Zone

2023년 8월 9일

Kotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade.

Entry:
For entry, it is recommended to go long after close of strong bullish candle near support zone.

Stoploss:
To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting.

Target:
As for the target, it is advised to aim for the next resistance level as indicated on the chart.

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