Kotak - Rising channel trend, Initiate longs!
Kotak is in a rising channel and is trading above the 21 EMA, indicating strong bullish momentum! Also, has witnessed a golden crossover on the hourly chart! Longs can be initiated with a SL of 1310 on closing basis, for target of 1380 - 1400 in the next few trading sessions !
Trade closed: target reached
First target of 1380 achieved !! Can book partial profits and trail the rest!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.