Kotak mahindra bank LONG, for intraday and swing target Hello traders,
here's one more analysis for you. KOTAK MAHINDRA BANK
as it made a very bullish move from 1700 levels, and on the same day came back to the mean level.
So we are waiting for the price to come back at the same level, which is round level- 1700
Scenario1- we can go long @1700 with the SL of 1696.50, against the target of- 1713 (2.84 RR), 1723, 1742( 9.04 RR winning Trade scenario)
Scenario 2- if the price sustain above 1716, one can still go long for a target of 1742 Intraday)
I would still prefer scenario1. for intraday and swing trade. Also Stock is near 200 ema on daily Time Frame
