Review and plan for 17th April 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Result stocks, swing ideas.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
KTKBANK trade ideas
Review and plan for 4th April 2025 Nifty future and banknifty future analysis and intraday plan in kannada.
Few stocks analysed.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
ENTRY INITIATED - KARNATKA BANK - 30% MAGINSEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions.
Kindly check my older shared stock results on my profile to make a firm decision to invest in this.
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Thank you and invest wisely.
55% Target Bank StockKarnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.
Key Points
# Undervalued
# Dividend Yield 2.21 %
# Rising YOY Revenue & Profit
# Rising Reserves & Assets
### Trading Idea for Karnataka Bank (KTKBANK) on NSE: Bullish R
#### Overview:
Karnataka Bank (KTKBANK) is showing potential for a bullish reversal from its current price levels. Based on a detailed analysis of the stock's price action and underlying fundamentals, here's an investment thesis that could interest traders looking for opportunities in the banking sector.
#### Technical Analysis:
- **Price Levels:** The stock is currently trading around ₹228.90, which is near a strong support level at ₹222.50. This area has historically seen strong buying interest.
- **Trend:** The stock has maintained an upward trajectory, indicated by a clear trend line since last year. The proximity to this trend line suggests potential for a bounce back.
- **Resistance:** The immediate resistance is observed at ₹240.15. A breakout above this level could lead to further upward movement, with a secondary target around ₹260.
#### Fundamental Perspective:
- **Earnings Growth:** Keep an eye
KTKBANKNSE:KTKBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
KTKBANK MACD CROSSOVERThe MACD histogram turns red on the weekly chart indicating that the strength lies with the bears. The MACD has crossed the signal line tiggering sell signal.
The candle stick patterns show indecision, however the red bodies are slowly becoming bigger.
The Fibonnaci retracement shows important levels to monitor with most important support at 175 with strong resistance at 257.
8336 Pull back set upReason for long
a) Good pull back zone with price at mid of rainbow indicator
b) Rainbow, Supertrend and super vwap long.. Goood sign for long
c) Renko and QQE is negative and hence SL compulsory
d) falling candle has low bear volume and previous rising candle has high bull volume. Hence probability of long is above 55% for long
SL compulsory
A stock poised for change in trend( CP 75₹ )KTKBANK has been in a structural downtrend since june 2017 correcting all the way from levels of 140 till 30 ₹. The stock has changed the trend and looks poised again for a bounce back rally as it has recently crossed 120 ema by 13 ema. All bears are looking exhausted at the current trend and bulls are ready to grab the opportunity. Long positions in the stock can reach till a TGT of ₹88 and a stop loss of ₹68.