Kotak Mahindra Bank presents an opportunity for both intraday and positional traders. A favorable approach involves waiting for a promising closing price just above the 50-period Exponential Moving Average on the 15-minute timeframe (yellow EMA). This could serve as an entry signal, with the intention of holding the position until the target aligns with the 200-period EMA (blue EMA). This strategy capitalizes on the potential for a sustained price movement, and traders should closely monitor price action around the 50 EMA to gauge the viability of the setup.
