Karnataka Bank Cup & Handle Breakout
Updated
KARNATAKA BANK
Chart Time Frame: WEEKLY
On Weekly Basis Time Frame the Stock has given a Good Breakout of Cup & Handle Pattern with decent volumes on the Chart
So as per the Chart Stock looks Good for Long Position for Short to Medium as per the Levels given below:
CMP - 84.25 or BoD 79
Target 1 - 90.40
Target 2 - 99.10
Target 3 - 108.00
SL - 70.50
Holding Time Frame - Short to Medium Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
Chart Time Frame: WEEKLY
On Weekly Basis Time Frame the Stock has given a Good Breakout of Cup & Handle Pattern with decent volumes on the Chart
So as per the Chart Stock looks Good for Long Position for Short to Medium as per the Levels given below:
CMP - 84.25 or BoD 79
Target 1 - 90.40
Target 2 - 99.10
Target 3 - 108.00
SL - 70.50
Holding Time Frame - Short to Medium Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
Note
Target 1 - 90.40 hits todayNote
Target 2 - 99.10 hits todayNote
Target 3 - 108.00 also hits todayNote
All 3 levels achieved today and locked in upper circuit of 20% at 112.65 which is a super return of 33.07% in 1.5 months and as per the chart shows that more steam is left up-to 118 / 128 /138
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