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!