Karnataka Bank: Still one can enter for a long setup
Updated
https://www.tradingview.com/x/X7jQ6Zac/
KTKBank is trending up, possibly target price to hit 190.00 Still very good setup to go up once it clears the line of resistance.
Flag and Pole pattern has already given a breakout followed by two legged correction. Spike phase is still trending on daily chart.
SL can be very well placed at the pullback showed at 146.35 or more comfortable one can be at 136.
Please note that this is more of educational purpose and it's important to note that this analysis is based on technical indicators
so further research and analysis are recommended before anyone making any investment decisions.
KTKBank is trending up, possibly target price to hit 190.00 Still very good setup to go up once it clears the line of resistance.
Flag and Pole pattern has already given a breakout followed by two legged correction. Spike phase is still trending on daily chart.
SL can be very well placed at the pullback showed at 146.35 or more comfortable one can be at 136.
Please note that this is more of educational purpose and it's important to note that this analysis is based on technical indicators
so further research and analysis are recommended before anyone making any investment decisions.
Note
price has surpassed our target price190.00 in a very short span of time.
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