Kotak Bank Swing Trade Setup

Kotak Bank is currently approaching a crucial support zone on the daily timeframe chart. This presents a potentially good opportunity for a swing trade.

Entry:
For entry, it is recommended to go long on the open of the next candle.

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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