Karnataka Bank CMP - 51.25
Looking bullish in higher time frame. One can go for Swing Trade setup with the following entry, exit & targets
Buy range 51 - 52 / Stop Loss - 47
Target 1 - 55
Target 2 - 60
Target 3 - 65 / 70
Disclaimer: This is my view and for educational purpose only.
CMP 47
Chart is self explanatory. Price is above all leading MA except 200 DMA.
Breakout is expected soon from a inverted Head and Shoulder Pattern.
MACD is positive too.
Keep an SL at 44
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This one looks like a good bet since they have implemented some cost cutting measures and made their unit more efficient.
Adapting and evolving is how you sustain yourself through these lovely times and have no doubt the one's which do get their act together will reap big rewards once the environment is more conducive .
100 looks like a nice mid term target...
Karnataka Bank - KTKBANK CMP 129.30
Broken the upside resistance of 127.5 and closed above it today.
Trading at 52 week high.
Short-term Target possibly 139-141.
Stop Loss a close below 127.50
The analysis is only for educational purpose.
AB leg can retrace between 38.2% – 50% of XA leg - Satisfied
BC leg can retrace between 38.2% – 88.6% of AB leg - Satisfied
CD leg can retrace up to 88.6% of XA leg - Close to 88.6 %
In Daily chart, 3 candles rejecting Rs 120 price area.
But higher close on each candle suggest...
Some recovery can be seen after the recent sell off. There is monthly support at 110 area and market has respected the same. Market took support around 110 and since then has been ranging between 110 and 125. The third retest of 110 saw buying with momentum. Expecting this momentum to continue till 140 - 150 range. A look at the open interest indicates that...
