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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