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

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