KARNATAKA BANK

Sep 17, 2022

5 Years trendline breakout

3 Years range breakout

Sep 17, 2022

Note

Observation: -
 The chart above shows a period where Karnataka Bank had a strong volume increase from last 12 months.

 I observed that the stock followed by a Rising wedge pattern breakout which often signals a continuation of the price rise.

 The stock gives 5 years breakout of the Trendline, and 3 years break out of Rising Wedge Pattern.

 A sustainable move above Rs 82 level could be considered as an upside breakout and expected potential upside target of Rs 99, Rs120.

 The overall chart pattern of Karnataka bank signals long trading opportunity.