KARURVYSA bank can be considered for buy with the SL of 153.50 for the target of 162
this bank can take advantage of Small Cap rally
technicals
ABC structure has completed by the price on intermediate wave patter and ready for 5 wave on the hourly chart, here with can consider this counter for low risk and high reward for swing trade
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
On daily Time Frame Karurvysya is making rounding bottom pattern and is about to complete if breaks resistance of 116 with above above average volume on daily TF will buy...
Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all...
A long consolidation supported by a systematic fall in a channel and now slowly steady making higher lows.
Mukul Agarwal bought whooping 2% stake in march ,22, the fundamentals are all crystal clear with rising bank's portfolio and continuously falling Net NPA, this will attract the DII and retailers having said that Book value is Rs 94, PE of 5 against industry pe of 19.
PROS:
- Its net profit is increasing from last 4 quarters
- Stock is trading at 0.64 times its book value
- Gave a strong breakout with volume
@arsalanansari17
Targets are mentioned on the charts
SL - 37.5
invest on your own decision. my analysis for short term gain and that chart provided me that and if you want long term that stock can give you. target on you own decision target should be on 64 - 70
Taken support at 38-40.
Now its in uptrend.
good volume coming.
following trendline upwards.
Buy above 54
Tgt 60 - 80 -100+
SL 48
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
Sort of Cup and handle pattern breakout in KARURVYSYA. Both price and volume breakout are indicating a bullish movement in the upcoming days. Look out for a long position in this stock.
