Long KTK bankFirst target - 75
Second target -88
Final target - 99
5 weeks of consolidation after making a new 52 week high
Should see a breakout within a week's time
KTKBANK trade ideas
KTK BANKHAMMER PATTERN Seen on Daily chart of KTK Bank
Buy @ CMP
TGT: 73.50
TGT is likely to be achieved in 2weeks.
Karnataka Bank - BullishKarnataka 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.
KARNATAKA BANK - Looks attractiveCMP 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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HOP ON ..HIGHEST PROFIT IN Q1 & near monthly demand zoneThis 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 which may come very fast once it picks up some momentum.
Previously after 56 level we flew pretty quick , so my guess is history will repeat itself .
Buy now or on the flip of 56 .
stop loss not needed..
44.85 currently with golden cross on the 4hr imminent.
Bearish on karnataka bank. Recently crossed low made in 2009Poor fundamentals.
MACD crossover, RSI below 30.
buy@ 81 with 79 as slprice making bullish spinnin top with continous 3 week bullish candle shows strength and price also taking support at the longterm trendline
Karnataka Bank Technical ViewKarnataka 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
Karnataka Bank : Potential Bearsih Bat PatternThe 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 bullishness. Wait and trade only if price cannot breach 121 levels in next few days.
Thanks
Karnataka Bank - Elliott Wave countKarnata Bank should be bullish looking at this count. 1-2, 1-2 setup.
Karnataka Bank shows recoverySome 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 currently market is negatively biased. There is high OI built up at 125CE and 130CE. If momentum persists then short covering can take the price higher. After the break of the current range, targets are marked as T1 and T2.
Propose to wait for the current run to complete and retrace to a level near to 110. Next time when Stoch RSI indicator falls below 20 (or <40) and crosses over the signal line, entry can be taken on the long side. Stop is at 110.
