yashdante10

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

Long
yashdante10 Updated   
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.