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CuriousChartist
Oct 8, 2022 12:52 PM

KARNATAKA BANK - Slow but Steady Long

KARNATAKA BANKNSE

Description

Market Cap 2,702 Cr.
Stock P/E 5.23
Industry P/E 17.5
Dividend Yield 4.61 %
ROCE- 5.09 %
ROCE3yr avg 5.63 %
Face Value 10
OPM 56.3 %

Trade closed: target reached

Comments
Thataghata
@CautiousChartist : All your targets achieved !! If we ignore considering the fundamentals, technically alone this was EPIC !!
Thataghata
Please share your insights on Inverted Head & Shoulder Pattern, also why above 87 & not at 75 ? ! Thanks alot !! As a shout out to your efforts, I would like to post it here that I have learnt the Inside Bar Pattern from you. Thanks alot, Once again !
CuriousChartist
@Thataghata, Those are very kind words and I'm glad this analysis was useful. Why 87 and not 75 is subjective. While some people prefer breakout trading, the others like retest trading. 75 was the breakout level and once it got retested, I preferred to take a banking stock only when I got the confirmation at 87. Moreover, the H & S pattern seldom fails.
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