KTKBANK - Inverted Head & Shoulder - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
KTKBANK
KTKBANK : Possible Breakout Trade Setup?KTKBANK is consolidating between 130<>138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
Announcement : Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs.
Here are some of them:-
Trade assisting Tech.
Regular Study Conferences.
Collective Fundamental Research.
Access to Tools from Trader's Toolkit.
& many more.
For More information : Click Here!
Note : Trading in any financial market is very risky. We post ideas for educational purpose only.
It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Karnataka Bank historical weekly chart studyKarnataka Bank historical weekly chart shows that the major trend is still up. It could either go sideways from here or fall further towards the pitchfork bottom before bouncing. So every dip up to 80-90 zone for next couple of years is a buying opportunity.
Maintain strict SL 74
KTKBANK - BUY ON DIPS It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Fundamentals Facts:
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
P/E: 10
P/BV: 0.88
ROCE (5Yrs): 107%
Short Term
T1- 158
T2- 160
SL- 153
Long Term
T1- 180
T2- 200
SL- 140
Karnataka Bank short term viewWeekly and daily MACD crossover, Low stoch in weekly chart are helps to move up further levels.(Trend lines are drawn from weekly chart)
CMP:158.9
Targets:
161
167
176
182
Stoploss:
147(Long) on closing basis
153(short term) on closing basis
Vijayaraghavan,
Inditrade, Kovilpatti.