yashdante10

BUY KARNATAKA BANK WITH A SL OF 49.70 AND TARGET OF 62.

Long
BSE:KTKBANK   KARNATAKA BANK LTD
RISK/REWARD RATIO IN THIS TRADE IS 1.5 : 10 WHICH MEANS WITH THE RISK OF 1.50 RUPEE YOU CAN GET UPTO RUPEES 10.80
STOCK IS TRADING ABOVE 200 EMA OF 48.80
STOCK HAS MOVED 22% IN THE LAST 1 MONTH AND 8.35 % IN THE LAST WEEK WHICH CLEARLY PROVES THAT THE STOCK IS AN UPTREND
FUNDAMENTALLY STOCK IS TRADING AT A VERY CHEAP VALUATION OF 3.42 PE (PRIVATE BANK)
PRICE TO BOOK VALUE OF 0.27
Comment: CROSSED 50 AFTER 3 REJECTIONS SINCE APRIL FOR THE FIRST TIME SINCE MARCH
Comment: 1ST TARGET DONE @ 54.50
Comment: final target done in 4 days