srikartiram

KTKBANK | Trading & Investment pick - Near good area of value

Long
NSE:KTKBANK   KARNATAKA BANK
KTKBANK | Trading & Investment pick - Looks good for doubling - Near good area of value

CMP : 64 (Dip : 60)
SL : 54
Target : 125, 150

1:10+ risk reward setup

Comments

Got the same targets and SL's
Brilliant work
+2 Reply
Could you please explain how do you determine the area of value?
+1 Reply
srikartiram Minhaj_AK
@Minhaj_AK, 1) you can see I've drawn a small support line below the recent cup area. I belive it is a strong support technically.

2) Fundamentally also I'm tracking this stock. Valuation is good at this location. Due to covid and banking distress, Morotorium restrictions banking stocks are lagging a little.
Reply
Minhaj_AK srikartiram
@srikartiram, thank you for explaining. But on the 27th May, there was a huge gap down due to negative Q-results(esp NPAs). Do you feel fundamentally it is strong too?
+1 Reply
Entered at 71 and have been buying the dip continuously
Reply
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